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?
2006-09-15 04:49:11 · 2 answers · asked by joeloc4 1 in Business & Finance ➔ Investing
Yes. You just need to open the brokerage account in the LLC's name.
As to tax advantages, check with your accountant. A lot will depend on whether you elect to pay taxes as a partnership or as a corporation.
2006-09-15 05:06:54 · answer #1 · answered by NC 7 · 0⤊ 0⤋
Of course, You just need to open an LLC account which is usually a special application.
2006-09-15 04:50:38 · answer #2 · answered by Vegas 2 · 0⤊ 0⤋