Business Services for Day Traders

S Corporations for Traders: Why They’re a Bad Idea

When you decide to take your day trading business to the next level, there are a number of legal entities you can choose to form for tax and legal purposes. Establishing a formal business for your day trading enterprise can provide you with some tax advantages at year-end, helps separate and protect personal assets, and can give you access to benefits traditional businesses generally enjoy.

Not all business entities are a good fit for day traders though. In addition to popular choices such as an LLC, LLC partnership, or a C Corporation, you may be considering S Corporation status for your ventures.

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Day Trading Business Services in AZ

The Benefits of a Partnership LLC

Owning and operating your own business can be stressful, especially if you’re already dealing with the hectic, fast-paced workload of a day trader. However, creating a professional entity that can be taxed as a partnership—such as an LLC—for your trading business does have a number of benefits to consider.

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Business Entity

Business Entity Formation Types

All businesses are not created equal.  There are differences in ownership, control, and taxation.  It’s important to understand the various types of businesses before starting one.

Here is a brief overview of the different business entity formation types:

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