Information abounds on all the pros and cons of S corp, LLC, C corp, etc. Not sure how to decide. If a Californian trader (or one from another high tax state) profits in short-term capital gains, which entity is best to reduce the tax burden? Is there a thread or guide online? Is there a consensus view on the best entity for relatively short term traders (who don't qualify for TTS)?
I would sign up for this webinar- Tips for Professional Traders When Preparing 2019 Tax Returns-https://www.lightspeed.com/webinar/tips-for-professional-traders-when-preparing-2019-tax-returns/ and if you like what they have to say, set up a consultation and do this the right way. http://greentradertax.com/
Here's a link to some state specific blurbs at green. Robert Green is THE expert on trader taxation. https://greentradertax.com/trader-tax-center/state-local-tax/ One of the links on the page is for a webinar recording that may be informative... Best, Worst, and Decent Tax States for Traders