Ted Sutton (son), Robert Kiyosaki (author, “Rich Dad Poor Dad”) and Garrett Sutton
seasoned experts who comprise the Rich Dad Advisors. Sutton said he connected with Kiyosaki around 2000, when the author was looking for an attorney to join his advisory group. Sutton’s corporate expertise was appeal- ing, but he also shared a mutual interest with Kiyosaki: rugby. Kiyosaki is a big fan of the sport and played for the Hawaii Harlequins; Sutton had played during law school. Their love of the game has taken them to a number of rugby World Cup games around the globe, Sutton said. Off the pitch, Sutton became the Rich Dad Advisor on entities and asset protection, and soon he was asked to write a book for the brand, “Start Your Own Corporation.” “I always wanted to write a book anyway,” Sutton said. “I just put myself in a room and got it done in three weeks.” His first book dealt with the basics of incorporating and became one of the top 10 best-selling business books in 2000. Since then, he’s written six additional titles for the Rich Dad brand, including “Loopholes of Real Estate,” which covers legal and some tax aspects of investing in real estate.
“You know, they don’t teach any of this in school, unfortunately, so you have to get the information on your own,” he said. Sutton has another book coming out in March 2022, “Veil Not Fail,” that discusses the corporate veil of pro- tection and how to keep it intact. The book features tips as well as horror stories about instances where the veil was pierced. “Too many of these books are written in legalese. It’s hard to take in,” he said. “My preference is to tell stories about situations and then apply the law to the story.” Lawsuits succeed in piercing the corporate veil in almost half of all cases, Sutton said, which means many business owners aren’t taking the right steps to protect their assets: “We don’t want the veil to fail.” In addition to writing, Sutton serves as a speaker at Rich Dad seminars. He said he’s also a student when he attends, learning from the other experts. He’s even brought his son, Ted, to the events—allowing him to absorb lessons in business that will serve him well
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