Recent content by DragonDog

Nothing I've said is illegal. Maybe on the shady side but not illegal....if big time money managers and corporations can strategize to minimze tax liability, why can't I?

suppose i open bank accounts in wyoming and change my license to a wyoming address, but all my trades take place in new york? do they investigate where trades were actually placed?

Consider a trader who is always on vacation trading from different states allt he time? What hapens there? Also, what about the trader who owns, say, 5 houses in 5 different states? Must he foreign register his LLC in each of the states he owns a house in if he will be trading from those...

If I form an LLC in WYOMING and use the LLC solely for the purposes of trading a brokerage account, do I have to register the LLC to do business in my state of residence? Lets say i open bank accounts in wyoming and list the wyoming address withthe brokerage firm I trade through but all trades...

Ok. now THAT makes sense. Thanks

How would he determine the partnerships are bogus? Because i have all family members as partners?

That is what I am finding so confusing here. So there is protection via LLC but then such protection is not real? And do all hedge fund managers who trade in financial markets give such a "personal guarantee" which would open them up personally to lawsuits from brokers who have made mistakes...

So you are saying that the managers of hedge funds would sign off on such a personal guarantee and make their personal assets fair game for lawsuits from disgruntled customers? This doesn't sound right to me but if you know this to be the case do let me know. You are saying that brokers...

Thanks for the links. Very helpful

Well that's news to me. The whole purpose of an LLC structure is to protect your personal assets so you'd be a fool to give a personal guarantee... I don't think negligence is enough of a reason for a judge to allow penetration of the LLC wall of protection for seizure of your personal...

Thanks for your comment. Many people have turned $20,000 into millions. I don't think it is unreasonable to have that hope and goal given that I do not plan on doing it overnight....I know it may take a few years to accomplish such a thing; I am hoping to break even in the first year or maybe...

Because you did business through the LLC, your personal assets would be protected as long as such assets were also not in the name of the LLC (i.e. in your name not in the name of hte LLC).

I plan on starting a trading account with about $20,000. Probably going to trade bond futures primarily (ZF, ZN, ZB) until I learn the bond market like the back of my hand. Here is my question: Am i better off just trading the account as an individual or should I incorporate an LLC...