Hello All, I have been thinking about setting up a LLC to trade. Main reason being i've heard that as an LLC you are protected against major losses in any one year. From my understanding, if i trade as i currently am, if i have a major loss say of 30000$ any one year (not that i want to), i can only take 3000$ or so as ordinary capital gain loss (and carry over for a couple of years i think); but if i trade as an LLC i can write off my losses across previous years gains and potentially even get money back from the IRS. (according to what Traders Accounting says). So even though there can be a lot of paper work and a bit more taxes from year to year, i am thinking this benefit would save my a$$ if crap were to happen when my trading account gets real big. Is there any truth to the above statement? or is it just baloony to sell their product? thanks in advance.