stock trading llc
stock trading llc
Day trading as a corporation? What are the benefits and trade like individual stocks?
Friend and I are together sharing money to open a trading account. We're trying to weigh the benefits of opening an individual trading account with an online business or training a Corp / LLC and trade as a partnership? Can anyone with knowledge?
Personal Account Business: All your profits will be taxed on profits short-term capital ratios. This would be the same as the ordinary income tax, except he is not paying social security or medical care. Their ability to cover the expenses and losses will be limited. For example, if the end of the year to lose but what he did, is limited in the amount you can cancel from their taxes. Corporate Account Business: Now would be on their own. Its shares are now treated as "inventory". All transactions are taxable types of companies. All the benefits of taking the corporation will be taxed at ordinary income rates + has to pay social security and Medicare double (company pays half and you pay half).
