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Incorporation

     
   

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Benefits Of Incorporation
D A Y T R A D E R T A X . C O M
Your one stop website for online trading tax laws


Benefits of Incorporating your Trading activities

 Many tax consultants and trader tax websites routinely recommend expensive and complex corporate and/or limited liability company structures to their clients and prospective clients. Unfortunately, in many cases this is done simply to garner a fee from the client. All too often the recommended structure made no sense for the client's situation, the structure was put in place and never properly utilized, or the client never even really knew how to take advantage of the structure in the first place.

As a matter of principal we do not routinely recommend incorporations or LLC's unless it is without question in your best interests. Our goal is to retain a client relationship for the long haul, not obtain a hefty up front fee and turn you loose.

That being said, there are many instances where a corporate or limited liability company structure is suitable for the client. For example, if one or more people pool funds into a single trading account we always recommend an LLC or LLP. If a highly successful trader needs to shelter income through retirement funding, or wishes to pay family members (make your kids college or allowance tax deductible), or make your health insurance fully deductible, we also recommend a separate business structure. Perhaps, you work full or part time, and basically trade on the side, setting up a separate business structure can help you achieve a "Mark to Market Election" that would otherwise not be available to you.

The valid reasons for setting up a separate legal structure for your trading business are too numerous to discuss in entirety here, but they do exist and we are your qualified source to discuss them. Let's face it, anyone can set up a Company, but do they provide you with the full knowledge of " Why" and "How"? Do they couple the actual process of establishing this company with the tax knowledge and planning to make it work for you? There's only one company that I know of that does that, and that IS US! You will receive straight answers to straight questions. I can not tell you how many inquiring phone calls I've received from perspective clients saying "They heard they should trade inside of a company, and will we set it up?" They've got their checkbooks out ready to pay for fees of up to thousands of dollars. In the majority of the cases, I tell them they do not need a company, or they do not need a company right now, to save there money, and we can revisit the situation as they become more experienced traders or if circumstances change. That is who we are, you will receive honest advice at a fair price. That is my personal guarantee to you. So if you would like to discuss the benefits of possible incorporating your trading activities or other business ventures without the fear of being sold a "bill of goods" you've come to the right place. We can discuss your situation in detail and if its not suitable for you, I'll be the first one to tell you.

Now, all that being said, there were some major tax law changes during 2016 that changed the tax landscape quite a bit. And a separate legal structure may now make more sense than ever before.

The new tax laws contain numerous planning opportunities, including reduced taxes on dividends, reduced capital gain tax rates, increased business deductions, and increased and accelerated depreciation deductions! The new tax law provides a wealth of opportunities to further minimize your tax bill for 2016 and beyond. But it also contains many traps that need to be avoided such as:

BROKER BASIS REPORTING TO THEIRS IS SET TO BEGIN ON ALL STOCK TRADES IN 2017. ESTABLISHING A CORPORATION AND ELECTING MARK TO MARKET ACCOUNTING TREATMENT WILL REMOVE ALL OF THIS FROM YOUR 1040. THE IMPORTANCE OF THIS CAN NOT BE OVERSTATED!

Therefore the structure of your trading activities, will be of paramount importance during 2017 and beyond. A consultation with our firm will not only assist you to minimize tax liabilities within your trading activity or business, but also with any other type of business venture you may have as well. Although we have a very large number or "trader clients" and specialize in this area, we are also a full service CPA firm offering a wide range of services to a very broad spectrum of businesses in a variety of industries.

We can form a corporation or limited liability company in any of the fifty states for a fee of $500.00 plus state filing fees. You will be charged a $500.00 retainer fee upon completion of this transaction. To proceed:

Information you will need to have ready:

Name of Corporation:
Desired State of Incorporation:
Shareholders Names:
Shareholders Names:
Officers Names:
Officers Names:
Registered Address:
                      Address:

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We will review your personal tax return and trading situation, your goals, and devise a trading structure that will fit your needs. This service includes up to ' hour of our time to personally consult with you concerning the operation of your new trading entity. It is all inclusive of your Federal I.D. No., stock certificates, organizational minutes, and Subchapter S election, if applicable. For additional questions, please contact out office. We look forward to hearing from you.

Purchase Now

Sincerely,

Mann & Company CPA's P.C.
Paul S. Mann CPA

 



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