Set Up A Separate Company for Trading?
At the risk of exposing myself as truly stupid, how would you set up a company for trading - LLC, LP?? Benefits to this?
Best Answer
788 points
DaveDiggz answered one year ago …
Well you probably only want to do this if you're going to be investing money for others. If you're just investing your own capital then you might as well stick with an individual account, unless of course you're going for some type of special tax treatment (which I'm not very savvy about).
But if you are looking to have others put up the capital, while you manage it, then you'll want to set up an LLP (Limited Liability Partnership). You can find info all over the web on how to do this and you can even have the papers put together online and file for incorporation yourself at sites like:
http://www.legalzoom.com/
Check it out.
Answers
103 points
wmidlik answered one year ago …
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