Say I wanted to start trading stocks. Could I start an LLC to trade stocks for me, as the company's sole purpose. Pretty much as if the company was trading for me. I have no securities trading licence. But there should be some tax advantages for having a company that owns a stock instead of an individual. I was wondering if I could do that with an LLC. If not, are there any other corporate entities that could?
2006-09-14 19:30:28 · 3 answers · asked by joeloc4 1 in Business & Finance ➔ Corporations
Sure. But don't forget that there are certain costs to running an LLC and the applicable tax rate on the LLC will be over the personal tax rate......also, licensing may be an issue but perhaps not so if you are doing it for yourself only....find out...
2006-09-15 08:19:38 · answer #1 · answered by boston857 5 · 0⤊ 0⤋
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2015-01-26 00:50:22 · answer #2 · answered by Anonymous · 0⤊ 0⤋
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2015-01-27 11:30:00 · answer #3 · answered by Anonymous · 0⤊ 0⤋
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2016-12-15 08:18:59 · answer #4 · answered by Anonymous · 0⤊ 0⤋