We, Lightspeed and Wedbush Future’s, require all single member LLCs to sign personal guarantees for all futures Accounts.
Someone needs to do a search ... "piercing the corporate veil". You are required to cross every "T" and dot every "i" both personally and at the entity level. This is much more difficult to "maintain" than you think. Especially with LLCs and/or Subchapter S status. Upon opening an entity titled brokerage account, you are required to provide articles of organization/incorporation. Depending on the brokerage, changes to articles and/or ownership structure may be requested periodically. No matter, make no mistake: In the event the brokerage is on the hook for losses of your entity, they will play hardball. Any and all subsequent articles/ownership changes will be scrutinized, and the slightest impropriety flushed out. If they can pierce the corporate veil, they will, and it's over.
Since you admit you are trading beyond your means, setting up an entity would constitute fraud. The brokerage would pierce the corporate veil and you (and possibly other members/owners) would be held liable for losses. End of story. Of course you can try "the broker didn't follow "know the customer" rules and let me do it!!" defense. Happy Trading!
at the end of the day everyone will try to get out of his responsibility and the broker will try to get out as much as he can
Why would any broker provide you margin capability if you don't want to be responsible for your loss? You can always cap your loss with the appropriate future option but you are going to pay for it.
i always place a trade with future + option as well when i sell an future i first sell the future and only then close the option im just always worried that one night ill wake that for some reason they sold my option and my future was jus there and im minus who's knows how much