H hoop121 Aug 20, 2012 #11 Quote from Redneck: OP I realize you already have a LLCâ¦, but you may want to research the tax implication of a sole partner LLC (if thatâs the way youâre thinking http://info.legalzoom.com/llc-taxes/ http://www.companiesinc.com/llc/taxation.asp http://www.irs.gov/businesses/small/article/0,,id=158625,00.html Also Speak with these folks â they are very good at what they do http://www.greencompany.com/Traders/TraderAccounting.shtml I am the COO of my own trading company⦠and its sole (head) trader My better half is the CEO, and CPA Getting a K1 is a damn site better than pass through - especially if your managing any amount of money (meaning your own.., not other's) Your call RN More... so you think that a single member LLC wouldbe better off registering as a corporation than a sole prop.?
Quote from Redneck: OP I realize you already have a LLCâ¦, but you may want to research the tax implication of a sole partner LLC (if thatâs the way youâre thinking http://info.legalzoom.com/llc-taxes/ http://www.companiesinc.com/llc/taxation.asp http://www.irs.gov/businesses/small/article/0,,id=158625,00.html Also Speak with these folks â they are very good at what they do http://www.greencompany.com/Traders/TraderAccounting.shtml I am the COO of my own trading company⦠and its sole (head) trader My better half is the CEO, and CPA Getting a K1 is a damn site better than pass through - especially if your managing any amount of money (meaning your own.., not other's) Your call RN More... so you think that a single member LLC wouldbe better off registering as a corporation than a sole prop.?
Redneck Aug 20, 2012 #12 Quote from hoop121: so you think that a single member LLC wouldbe better off registering as a corporation than a sole prop.? More... I am no where near qualified enough to answer that Talk to the folks at Green And for the record - I am not their shill... they do my taxes, and have been for a few years RN
Quote from hoop121: so you think that a single member LLC wouldbe better off registering as a corporation than a sole prop.? More... I am no where near qualified enough to answer that Talk to the folks at Green And for the record - I am not their shill... they do my taxes, and have been for a few years RN
H hoop121 Aug 20, 2012 #13 Quote from Redneck: I am no where near qualified enough to answer that Talk to the folks at Green And for the record - I am not their shill... they do my taxes, and have been for a few years RN More... cool. was hoping just to get a couple hints of advice rather than pay the $200/hr, but i'll do some research on my own first.
Quote from Redneck: I am no where near qualified enough to answer that Talk to the folks at Green And for the record - I am not their shill... they do my taxes, and have been for a few years RN More... cool. was hoping just to get a couple hints of advice rather than pay the $200/hr, but i'll do some research on my own first.
H high99 Aug 20, 2012 #14 Quote from Free Thinker: whats he point? are you trying to protect yourself from you suing yourself. More... So here we have a perfect example of a very deep thinker on ET. Over 13,000 posts, and this numb nuts can only add sarcasm. What a waste.
Quote from Free Thinker: whats he point? are you trying to protect yourself from you suing yourself. More... So here we have a perfect example of a very deep thinker on ET. Over 13,000 posts, and this numb nuts can only add sarcasm. What a waste.
R ramack Aug 20, 2012 #15 Thanks for the additional links. Over the weekend I came across several references to Green's Tax Guide, and made a note to call them this week. Yes, this is only handling my own funds. Generate a profit and pay myself out of the proceeds. Rich
Thanks for the additional links. Over the weekend I came across several references to Green's Tax Guide, and made a note to call them this week. Yes, this is only handling my own funds. Generate a profit and pay myself out of the proceeds. Rich
R ramack Aug 20, 2012 #16 Quote from Redneck: Talk to the folks at Green And for the record - I am not their shill... they do my taxes, and have been for a few years RN More... I didn't take as you were, it was taken as good advice. Thanks for the reassurance! Rich
Quote from Redneck: Talk to the folks at Green And for the record - I am not their shill... they do my taxes, and have been for a few years RN More... I didn't take as you were, it was taken as good advice. Thanks for the reassurance! Rich
R ramack Aug 20, 2012 #17 Quote from high99: So here we have a perfect example of a very deep thinker on ET. Over 13,000 posts, and this numb nuts can only add sarcasm. What a waste. More... The response was equal to the grammar.
Quote from high99: So here we have a perfect example of a very deep thinker on ET. Over 13,000 posts, and this numb nuts can only add sarcasm. What a waste. More... The response was equal to the grammar.
R ramack Aug 20, 2012 #19 Quote from ramack: The response was equal to the grammar. More... Not yours High, the first response, just to clarify.
Quote from ramack: The response was equal to the grammar. More... Not yours High, the first response, just to clarify.
