Friday, October 30, 2009

[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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