I have heard that a corporation managing an LLC is best and provides the most protection. I don’t know which corporate structure as I need insurance and want to fund retirement programs for myself and my wife as well. I will be trading my own account with my own money and do have someone that can be an officer in the organization with me. No shares are needed unless they benefit me in some way. Thank you for your wisdom in advance.
Unless you will be trading on behalf of others you do not require the double protection of two entities. An S-Corporation to pass the gains and losses directly to yourself would be fine and you would be shielded from liability. If you want a separate tax vehicle, a standard C-Corporation or LLC will suffice.
March 12th, 2010 at 12:16 am
Unless you will be trading on behalf of others you do not require the double protection of two entities. An S-Corporation to pass the gains and losses directly to yourself would be fine and you would be shielded from liability. If you want a separate tax vehicle, a standard C-Corporation or LLC will suffice.
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March 12th, 2010 at 12:39 am
LLC is the least hassle and makes book keeping a lot easier.
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