How To Trade Stocks Inside An LLC (Trade As a Business)

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In this video, I’m diving into a question many traders have: can you place your trading account in a Limited Liability Company (LLC), and what are the potential tax consequences?

I’ll walk you through how setting up your trading account within an LLC works, and more importantly, how to avoid a costly mistake that could lead to paying taxes on existing positions.

I’ll also explain the benefits of using an LLC to protect your trading account from creditors in the event of a personal lawsuit, and why selecting the right state to set up your LLC is crucial.

You’ll learn why I prefer setting up trading LLCs in Wyoming for the strong charging order protections they offer.

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Show Notes:
0:00 Day Trading as a Business
1:28 Reducing Liability as a Trader
2:52 Trading LLC
4:55 Avoid Personal Brokerage Account
8:57 Personal Property Trust
11:48 How Many Accounts Inside an LLC
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ABOUT CLINT COONS

Clint Coons, Esq. has grown his legal and tax firm to over 400 employees by assisting real estate investors with creating and implementing solid entity structuring plans. His success in these regards is in large part due to his personal investing experience. A successful attorney, real estate investor, and speaker, Clint has used his innovative and dynamic strategies coupled with knowledge borne from experience to help thousands of people save millions of dollars and build real wealth.

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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.

#llc #stocktrading #daytrading #daytrader

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