Thoughts about Self-Employed

Discussion in 'Professional Trading' started by bhf, Mar 21, 2011.

  1. bhf


    You guys might still remember I asked around here some time ago about incorporating and trade with other person's money.

    That question aside, in the mean time I am seriously considering leaping forward and start full time trading as a profession after doing it alone with the job for so many years.

    Let's put aside the doubt if I can float or not aside. Say, before I turn in my letter, what things I should take care of? I am thinking about the following:

    1) Health insurance. Any one knows real figure of premium for a family of 3 (2 adults/1 kid), living in NJ, that I expect to pay so still maintain a comparable health insurance offered by a big-corp?

    2) Tax. Do I have to/Should I incorporate - even it is only me, or I can just starting doing it right away from personal accounts and just pay tax on profits, and write off costs like subscriptions, equipments, etc? Any huge advantage of not incorporated?
  2. bhf


    Bump. I am sincerely looking for some answers and guidance.