how to NOT take responsibilty

[Mdtbyk]

hello
how do i open a trading account without being responsable for the losses above the equity i put in ? llc ?

 

[tomorton]

Some regulatory jurisdictions have a restriction on brokers charging you for the losses beyond your original deposit, this is called negative equity protection. Check your broker and their regulator to see if this is in place for your account.

 

[Robert Morse]

hello
how do i open a trading account without being responsable for the losses above the equity i put in ? llc ?

Correct. An LLC would protect your assets outside the entity as long as you are not required to sign a personal guarantee. If your trading is in the US equity markets, this entity will subject you to professional market data fees. Some futures exchanges have an exemption for single member LLCs if you meet the other criteria.

 

[Mdtbyk]

Correct. An LLC would protect your assets outside the entity as long as you are not required to sign a personal guarantee. If your trading is in the US equity markets, this entity will subject you to professional market data fees. Some futures exchanges have an exemption for single member LLCs if you meet the other criteria.

but now i was just on the phone with tdameritrade and she said because its me trading i have full responsibility

 

[Robert Morse]

but now i was just on the phone with tdameritrade and she said because its me trading i have full responsibility

Every broker will go after you and your entity to recover losses. The question is that if you get sued, will you be personally responsible if the account is owned by the entity? That is the purpose of the Limited Liability company.

 

[androiduser14916]

Can you bet so big that you become too big to fail? Which brokers allow that?

 

[fordewind]

Every broker will go after you and your entity to recover losses. The question is that if you get sued, will you be personally responsible if the account is owned by the entity? That is the purpose of the Limited Liability company.

Can a non resident open an account in the US via LLC?

 

[Robert Morse]

What do you trade that this is worth the cost and concern?

 

[Robert Morse]

Can a non resident open an account in the US via LLC?

Yes. I have a number of entity clients from many countries.

 

[Mdtbyk]

What do you trade that this is worth the cost and concern?

i trade futures and my biggest fear is always to wake up one day and be minus more then what i have so why not protect myself in the best way?