For someone with Trader Tax Status, what's the best option when forming a new, separate entity dedicated to trading only ? Is it an LLC that's taxed as an S-corp or an LLC that's taxed as a partnership (my wife is also involved in the trading business) ? Any insights that you can share ?
I have been researching this online and I eventually plan to talk to a CPA about this, but I would like to gain enough knowledge about this topic so that I can bring up the right questions for discussion.
It will be good to hear the opinion of folks who have done it in the past.