Discussion in 'Trading' started by PennySnatch, Nov 30, 2017.
Does it make sense to trade under the protection of an LLC? Thanks for any input on this.
Not enough information to respond. Happy to chat tomorrow if you want to set up a call in the morning. I'll see if I can help. Email me if you want my help.
Your question is in line with "should he eat curry rice today?"
Consult a professional accountant who helps traders like https://www.greentradertax.com/
He would be able to tell you whether you can deduct the fees you anticipate to incur as a trader.
I think that any account below $50K should be personal unless you have proven to have positive expectancy. Running an LLC does have costs.
can you qualify as a day trader status with a personal trading account or do you need a registered business account ?
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