Forums - Asset protection

HOME FORUMS BROKERS SOFTWARE BOOKS CONTACT US

Your Account • Become a Member • Help • Search

	Forums ›› Trading for a Living ›› Career Trader ›› Asset protection

Page 1 of 3: 1 2 3

tortoise

Registered: Nov 2005
Posts: 2580

08-27-12 05:06 AM

1) trading account through LLC

2) LLC owned by irrevocable trust.

Thoughts?

Edit/Delete • Quote • Complain

tortoise

Registered: Nov 2005
Posts: 2580

08-27-12 11:49 AM

Too terse?

Edit/Delete • Quote • Complain

gmst

Registered: Jul 2011
Posts: 3746

08-27-12 12:07 PM

If you are an independent trader just trading your own money, against whom do you need to protect your assets?

Typically if you are not accepting OPM, making money from trading is equivalent to making money from a regular job as far as liability etc is concerned. Why and how are your assets endangered in the first place. Am I missing something obvious here?

Edit/Delete • Quote • Complain

tortoise

Registered: Nov 2005
Posts: 2580

08-27-12 12:41 PM

Deranged family.

It's also an awfully litigious society. What do folks like Soros and Buffett do so they're not targets for adventuresome contingency lawyers?

Edit/Delete • Quote • Complain

Bob111

Registered: May 2002
Posts: 6475

08-27-12 01:53 PM

---2) LLC owned by irrevocable trust.----

interesting idea.

Edit/Delete • Quote • Complain

tortoise

Registered: Nov 2005
Posts: 2580

08-27-12 08:13 PM

No one else has any thoughts about this?

Is that because:

A) I'm just a shell-shocked paranoic?

or

B) Because not many people here have much in the way of assets to protect?

Edit/Delete • Quote • Complain

Page 1 of 3: 1 2 3

Receive an email whenever a new post is added to this thread by subscribing to it.

Rate This Thread:

Forum Jump:

Conduct Rules - Privacy Policy - Day Trader - Day Trader Forum - Best Trading Software - Sitemap

WHILE YOU'RE HERE, TAKE A MINUTE TO VISIT SOME OF OUR SPONSORS:
Advantage Futures Futures Brokerage & Clearing AMP Global Clearing Futures and FX Trading Bright Trading Professional Equities Trading CTS Futures Trading Software DaytradingBias.com Professional Trading Analytics ECHOtrade Professional Trading Firm	eSignal Trading Software Provider FXCM Forex Trading Services Global Futures Futures, Options & FX Trading Interactive Brokers Pro Gateway to World Markets JC Trading Group Direct Access Trading MB Trading Direct Access Trading	MultiCharts Trading Software Provider NinjaTrader Trading Software Provider OANDA Currency Trading optionshouse Option Trading & Education Questrade Canada's #1 Online Broker Rithmic Futures Trade Execution Platform	SpeedTrader Direct Access Trading SpreadProfessor Spread Trading Instruction thinkorswim by TD Ameritrade Direct Access Trading TradersStudio System Building & Backtesting Trading Technologies Trading Software Provider Trend Following Trading Systems Provider