Saturday, October 31, 2009

RE: [TheOptionClub.com] Trading in an LLC

 


I'm sure a trust works in some instances.  There are asset protection reasons as well as some tax benefits to trading in an LLC with a C Corp as the manager.   



 

To: OptionClub@yahoogroups.com
From: a0022417@airmail.net
Date: Fri, 30 Oct 2009 21:42:49 -0500
Subject: RE: [TheOptionClub.com] Trading in an LLC

 

Trade in a Trust, that's interesting

 

From: OptionClub@yahoogroups.com [mailto:OptionClub@yahoogroups.com] On Behalf Of john sheldon
Sent: Friday, October 30, 2009 7:57 PM
To: optionclub@yahoogroups.com
Subject: RE: [TheOptionClub.com] Trading in an LLC

 

 

Clay,
Personally I'd give it a strong thumbs up.  If you decide to do it you might check with Boss Office for pricing before you jump in with Traders Accounting, I've heard Traders is much higher priced than Boss.  Boss (or more precisely their affiliated law firm) set my entities up & Boss handles every thing for me, meeting minutes, taxes, etc.  And their customer service is great!  If I can give you any other info about this feel free to email me direct.
 
John



 

To: OptionClub@yahoogroups.com
From: clay@kwikmurphy.com
Date: Fri, 30 Oct 2009 15:29:49 +0000
Subject: [TheOptionClub.com] Trading in an LLC

 

I had a company in Phoenix (Traders Accouning) recommend an LLC to trade in with a C-Corporation as the general managing partner. I know the benefits of this set up. I know the tax savings. However, I don't know the difficulty of day to day use (tax preparation, paperwork, new bank accounts and credit cards...). My question is one that could get bogged down in lots of details, and I know every situation is unique, but my question is to those that have this setup. On the whole, would you give it a thumbs up or thumbs down for recommending it?
Clay


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