can one start a business whose soul purpose it to buy you stocks?

Question

I was wondering if I could start a business that would buy and sell stocks just for me. is there any thing like that I can do?

Answer 1

Yes absolutely, You create a corporation or LLC (Limited Liability company) named whatever you want but usually something like Bayside Investments. Your gain or loss on your stock trades becomes income or loss to the company. You have the ability to pay for your expense pre-tax, such as car expenses and technology and travel to seminars to learn more about investing.
Watch Jim Cramers Mad Money on CNBC to learn the market better. Good Luck

Answer 2

You can start a business doing anything you want, as long as it's legal. I don't really understand your idea behind this business though, are you saying that you want to manage investments? Or that you just want to buy and sell stocks for a living and that's all? You don't really need any sort of business structure to do that.

If you manage investments, people will just pour you money and you share the profits with your investors, and keep what's leftover. If you lose money in the progress, expect people to come after you with torches and pitchforks. Of course, you'd have to have a proven track record for people to be willing to let you manage their hard earned money.

Answer 3

Of course, you can start a business for anything you want. The question is...will it save you money? If you are investing that often through another brokerage account...you are more than likely better off simply moving your investments to a discount broker...it is unlikely that the costs of filing for a tax id etc will cost less than the annual trading fees charged by the broker.

Answer 4

If you mean "corporation", probably, but why would you want to? If the business makes a profit you pay business taxes on that profit. When you take money out for yourself you have to declare it as income and pay taxes again. Sure you can deduct expenses from a business but what kind of expenses can you legally deduct from this type of company that you can't deduct personally?

I think this is one of those times when you want to keep it simple.

Answer 5

are you american or english? if you are talking about stock as in what you sell in a shop rather than shares, then yeah, it's basically being a middleman between wholesaler and business.

Answer 6

I'm not a financial expert, but I think the career/business to which you are referring would be a stockbroker.

Answer 7

yes, as long as you get licensed to do so. that is why brokerage houses and investment bankers exist.

Answer 8

why not????