Very well written and sound advice
This is an extremely informative and well-written book. Building wealth is vitally dependent on legally reducing your taxes by forming companies and properly structuring your income between earned income and passive income. The author covers the various forms of company entities such as general and limited partnerships, S Corps, C Corps, and LLCs. I've read several books about corporate entities and this is the first one I've found with practical, real-world examples that explain why an S Corp is better in one situation, while a C Corp is better in another, and an LLC is better in other circumstances. I came away believing (rightly or wrongly!) that I actually understand the differences now. The author then builds on that and explain how you can use multiple entities of different types to create a solid asset protection plan. He gives an excellent example of how a actively traded investment account can be structured as a limited partnership (with brokerage accounts held inside it) and whose general partner is a corporation. I've noticed this same structure when reading annual reports over the years, and now I understand why this structure reduces liability and has very significant tax advantages.

There is much more than what I've covered here. I highlighted text on almost every page in the book. My highlighting ratio is the predominant factor of how high I will rate a book. I will continue to pull this book off the shelf and refer back to it.

Learn just how much you don't know
I was really taken by just how vulnerable many of us are to attacks by lawsuits and other events. Asset Protection showed me a world that I never knew existed a world where greedy lawyers (who should be disbarred in my opinion) sue for a living. Actually targeting companies and individuals not because they did something wrong but simply because their assets were easy to get at. Once that target is found then an "offense" is "created".

A lot of the concepts I have heard of before but this book broke them down and made them simple to understand. I have already begun to shape my assets in line with the models in this book by working with my Lawyer and my Accountant both of whom have since bought a copy of this book and have begun to use it to discuss options with their clients. The list of missed tax deductions alone is worth a hundred times the cost of this book and I can not recommend it highly enough.

So much more than I expected!
I know a little about business entities since I own a small business. I was worried that this book would either be over my head, or too basic. I found that it did a fantastic job of covering the basics without seeming to talk down to me. I also got some great ideas and strategies to really increase my protection and dramatically cut my taxes. JJ Childers manages to make complex strategies digestible for those not versed in legal jargon, yet doesn't talk down to anyone with familiarity in the areas he covers. Since studying JJ's strategies, I find I can understand and speak with my CPA and attorney with more confidence and comprehension. I have also found that I can make better tax and legal decisions with my new knowledge and my tax and legal advisors were impressed with my understanding of the topics of asset protection, estate planning and tax reduction. Thanks, Mr. Childers!

Everyone should read!
Asset Protection 101 is a book that everyone should read. We all know about corporations, LLC's, Revocable Living Trusts etc and we all know about law suits and being sued - but this book puts it altogether in an easy to read format that anyone can understand. If you want to save money on your taxes, if you want to keep from losing everything in a lawsuit, if you want to be able to pass on your estate to your family, without probate and with the least amount of taxes - then Asset Protection 101 is a "must reading" for everyone.