question related to corporation

[Arty Fresh]

I have a question about this quote that rich dad poor dad, Robert Kiyosaki stresses on, "

"One method that really helped me enhance my control in making money came from creating a corporation. A corporation can do many things that an employee or an individual cannot, like pay expenses before paying taxes. It’s a whole area of expertise that is very exciting. Employees earn and get taxed, and they try to live on what is left.

A corporation earns, spends everything it can, and is taxed on any- thing that’s left. It’s undoubtedly one of the most significant legal tax loopholes used by the rich. They’re easy to set up and are not expensive if you own investments that are producing good cash- flow. For example, by owning your own corporation, your vacations can be board meetings in Hawaii. Car payments, insurance, repairs, some restaurant meals, and even health-club memberships are company expenses. But it’s done legally with pre-tax dollars.

A huge benefit and way to take control of money you’re spending."

^-rich dad poor dad/Robert

my question is, does my corporation have to make money in order for me to get a new car as company expenses?

[Basit Siddiqi]

@Arty Fresh

You have to have a business where there is an intent to make a profit. Then the vehicle has to be used for the purpose of helping you make a profit

I.E. Using a vehicle to meet with a client
I.E. using a vehicle to pick up supplies for your business.