Discussion in 'Professional Trading' started by TraderSV, Jun 7, 2019.
He is just full of poops
But people do buy other people's businesses. How do they deal with "hidden liabilities"?
Because Scat is bag of cats crazy and FOS.
Any dick with a heartbeat can open a brokerage account and get margin trading privileges...
I can also setup a fresh LLC and get all the paperwork done new in the name of owner from the start, All the annual costs is just $1000 for maintaining the setup, if you onboard clients then there would be administrative fees and custodian, accountants and stuff.
But till there are no clients then just around $1k a year and that includes tax filling.
Setup for a ex-fund manager 2 months ago, he is very happy and wants to work again.
I have thought about buying some funds as opposed to building another new one because it's not as easy as it use to be. But I never thought about buying a upstart service, the downside would be the name already in place. Where when your buying an established fund with clients that's far different and has more value.
Is it different from buying a business?
yes and no - he is selling a business that has potential vs a business that has history.
Separate names with a comma.