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As long as you only trade your own funds in the LLC, is there any registration required?

Hey guys I'm wanting to establish a trading track record I can present to potential investors. I already have a group of accredited investors who are interesting in investing if I can show impressive results. But that is a ways down the road and the most important thing is the actual...

Not to be captain obvious, but could those fees just be avoided by using a Thinkorswim Papermoney account to stream quotes and use a broker like IB to execute your trades? NYSE Level 1 fees are $127.50 a month for IB. Doesn't seem like it'd be too big of a hassle if you weren't day trading.

Not trying to hijack the thread but I had one question about after the business entity is set up and you register with a broker. Say I start an LLP to start tracking performance and register with Thinkorswim. Will they consider me a professional client if I only manage my own funds? In...