Forums - Cost to use 3rd party to set up trading LLC

HOME FORUMS BROKERS SOFTWARE BOOKS CONTACT US

Your Account • Become a Member • Help • Search

	Forums ›› Trading for a Living ›› Career Trader ›› Cost to use 3rd party to set up trading LLC

Page 1 of 4: 1 2 3 4

logic_man

Registered: Oct 2010
Posts: 1489

10-18-12 11:46 AM

I was quoted a price of around $1000 to $2000 for a standard and "deluxe" package of services to set this up.

Obviously, the devil is in the details, but does anyone with experience doing this think this is in the ballpark? I don't want to overpay, but the proper legal structure will surely save me headaches down the road.

The marketing pitch to me was basically that if I try to do it myself, I could screw up because trading LLCs are complicated to set up. Being unsure if this is true or not, I'm looking for outside opinions.

Edit/Delete • Quote • Complain

newwurldmn

Registered: Apr 2011
Posts: 2628

10-18-12 11:48 AM

Quote from logic_man:

I was quoted a price of around $1000 to $2000 for a standard and "deluxe" package of services to set this up.

Obviously, the devil is in the details, but does anyone with experience doing this think this is in the ballpark? I don't want to overpay, but the proper legal structure will surely save me headaches down the road.

The marketing pitch to me was basically that if I try to do it myself, I could screw up because trading LLCs are complicated to set up. Being unsure if this is true or not, I'm looking for outside opinions.

Trading LLC's for outside money or just your own?

Edit/Delete • Quote • Complain

logic_man

Registered: Oct 2010
Posts: 1489

10-18-12 11:50 AM

Quote from newwurldmn:

Trading LLC's for outside money or just your own?

Good question. Just my own.

Edit/Delete • Quote • Complain

babykuttan

Registered: Feb 2008
Posts: 12

10-18-12 11:51 AM

These are good places to start.

http://www.greencompany.com/Traders...rEntities.shtml

http://shrinkmytaxes.com/

Hope it helps

JT

Edit/Delete • Quote • Complain

Spectre2007

Registered: Dec 2006
Posts: 6296

10-18-12 11:55 AM

Under 2k is about standard.. Irrevocable trusts take under 2k. Single member LLC's, make sure your member agreement and operating agreement are covered in the cost.

Edit/Delete • Quote • Complain

marketsurfer

Registered: Apr 2002
Posts: 5459

10-18-12 01:17 PM

Setting up an llc costs about $25 plus state costs for a total of less than $200. Don't be fooled! I know a lawyer who charged 2500 then sent it to a place like the link for 200 or less. Never buy a "complete package". Buy alacarte. Thank me later.

Www.freeregisteredagent.com

Edit/Delete • Quote • Complain

Page 1 of 4: 1 2 3 4

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 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