Which is preferable - Trust or LLC - for Trading and other investing ?

Discussion in 'Taxes and Accounting' started by etrades, Aug 10, 2019.

  1. etrades

    etrades

    Hi guys,

    Do you trade using a Trust or an LLC ?

    Which is preferable from the standpoint of 1. Tax and 2. Income Distribution ?

    Thank you
     
  2. dozu888

    dozu888

    this is the last thing you need to worry about lol... make money first.
     
  3. etrades

    etrades




    One could still learn and be curious about this ?
     
  4. dozu888

    dozu888

    considering only 1% will ever make enough to worry about corporate structure.... no, learn to make money first..
     
  5. Foxtrader

    Foxtrader

    I use an LLC
     
  6. Consult with a certified CPA tax specialist and potentially a Tax Attorney.
     
  7. TommyR

    TommyR

    gd point trust