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Ahhh...the Democratic party in ackshun. These ass clowns figured this out back in the "Great Society"...the more people you give hands out from the guberment...the more votes you get!! Briiilllllliiiiaaaannnnntttttttt!! There wouldn't be a democratic party without two things: 1.)...

Ha...it is and it isn't. The C-corp, only 1% of my income flows through. The rest flows through the LP to me. The reason for this structure is tax purposes only (I do not pay SET tax). But, yes, I will either go with a LLC or Inc.

Which kind? And why over a LLC?

Need to call my CPA....but if the LP route is a no go...majority of CTA's are either LLC's or are Inc. (dunno if S or C corp).

I have a C-corp as my GP of my LP. I own both, so I am the only one involved with the LP....but that structure opens me up to liability, eh?

I agree. The fact I already have an LP will save costs setting up a new company, and my LP has been in business for 4 years as well.

Ok. I guess I was thinking of the Defagio proposal....from what I remember reading, he wanted the tax to be "stamped" at the exchange at the time of the trade...so no one could get around it.

What does you guys suggest for the structure of the management company for a CTA? I already have an LP, which I am 99% of....I guess I could use that. I also see many use LLC or Ltd. Just looking for advantages/disadvantages and most common used.

The tax will be hit at the exchange during the transaction...no matter where you trade from. The only good thing out of the possible dire scenarios is this: Singapore, Australia, Canada, Russia and Switzerland will setup exchanges with no FTT and all the trading will flock there...

Exactly what needs to be communicated to the masses....if they understood this, they would drop this FTT nonsense in a heartbeat!

I think we should call the FTT the "Robbing Robin Hood Tax". It is robbing the individual and enriching the rich (banks).

This is great Robert. I also think what really need to be addressed as well is how false the FTT is at getting the banks. Banks will not pay this (they will pass down to clients) and possibly be exempt (like in the UK) and make money off of this. So, the individual investor, trader, mutual...

If there was a campaign to educate all of the eurozone peeps about who really pays this tax and the destruction it does, those 60-80% approval numbers would plummet. That is where the liberal socialist know is their silver bullet....they spin the lies so well, the public thinks it sounds great...

These fools are doing this thinking that the US will change it's mind and go along. Now OWS hype makes them feel better about it and defagio bill is coming. You can read in the defagio article above that the goal is to get rid of hft. This is also the goal of the EU. Also, this is a liberal...

I hate to say this, but if these ftt people where smart, they would make the tax about the same as a commission. It wouldn't destroy liquidity like the proposed rates and be revenue net negative, but still bring in their hooker money. So for a $100,000 purchase, a $10 tax....not this $200 tax...

Great read. Unfortunately, these OWS wackos will never understand this....the liberal global socialist machine is in full force & control behind the curtain. I'm just amazed I am seeing this in my lifetime.

That is geared towards a pool. I'm talking individual accounts...i.e. IB's friends and family. Does the same $400k rule apply there? IB's website doesn't mention anything about that...just if under 15 clients, but if over need to register as CTA or RIA.

I cannot find this anywhere. I know if you are under 15 clients and don't hang yourself out to the public as a CTA, you do not need to register. But, is there a AUM limit? I mean, I could have 2 clients with $10M each and manage $20M without having to register?

Nothing wrong in that thinking. The FTT does nothing to the ones they want to hurt. The investors/traders pay this tax and more than likely they would have to give exemptions to the MM's, so the firms/banks may even profit handsomely on a FTT. That is the disconnect with OWS....these...

This tax is a political deal. One, that we all need to understand moving forward (understand the enemy). These clowns aren't that dumb, they know the negative destruction that this tax does....this is an agenda or say a vendetta against capitalism and markets. It is being sold to the masses...