Trading Company Shield

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The typical Market Trading business is a one person operation run from a home office. A home office has always caused problems with regards to the IRS in proving its validity. Namely the problem is proving the separation from work and personal use of the home office, home office equipment, area, and sole purpose to the business. There is a two part test that must be satisfied: The business must be separate from the owner's personal life, and the business must be ongoing. In contrast to the home-business, if you look at a small business with a brick-and-mortar office building outside of the home with a few employees on the payroll, it is much easier to prove that the business is separate from the owner's personal life, and that it is an ongoing business. The IRS does not consider a tax filing alone as verification that a business exists. (A tax filing is little more than a claim that the business exists.) If the IRS or the state, or a prosecuting attorney need to challenge the business claim it is the onus of the business owner to have proof that can substantiate the business existence claim to be valid. The business that has a leased building and steady payroll to employees, office furnishings and equipment purchases, etc. has a far easier time and less challengeable business validation than does a home office business owner.

As the CFO service for our clients it is Traders Accounting's responsibility to make you aware of the Trading Company Shield and the necessity for protecting your corporate asset. In light of the difficulty stated above the use of our Trading Company Shield is very much an insurance protection that is more than affordable. Affordable not just in terms of the protection of your Corporate Veil investment and the tax benefits at risk if you lose your corporate protection, but also affordable in comparison to having a third party or an attorney provide the documentation. From a time-management perspective the use of our online portal is fast, easy to navigate, and has every document a business requires at the click of a mouse. The Trading Company Shield is price affordable, easy to setup and use, and time efficient making this a much needed function for your corporate asset.

The Trading Company Shield is an online portal that provides for you many beneficial features. Once you have access to the portal, and after a few setup/registration steps the portal provides documentation, critical date reminders, and a means to communicate with your Traders Accounting representative through text messaging and document sharing. The Trading Company Shield provides you with every document that your business requires including, meeting minutes, resolutions, purchases, changes and additions to brokerage accounts, lease agreements, board of director meetings, etc. For every activity your business performs you can complete, print, and record the evidence with the convenience and security of our online portal.

Any litigation brought upon you as the result of a traffic accident to a personal lawsuit, to an IRS audit of your returns, etc. will put your corporate veil at risk. The prosecution attorney will find it imperative to their client to be able to attach all of your assets to the lawsuit. The IRS may try to disallow your business deductions. If the attorney or the auditor challenges your corporate validity, you will have to prove your corporation exists separately from your personal life and is an ongoing business. If the court agrees with the prosecuting attorney that your corporation is not valid you lose all of the protection of assets your corporation provides. If the IRS auditor finds that your business is not valid than you will owe back taxes and penalties. The only way to prove your corporation meets the test of “separate and ongoing” is with documentation such as is provided through your use of the Trading Company Shield online portal. This vulnerability of the corporate veil is precisely why we provide and recommend you use this service.

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