Is it possible to create a legal business entity (i.e an LLC) for the sole purpose of managing stock investments / trading, with yourself as the sole employee? Are there any tax benefits, and what are other implications of doing so?
I'm thinking of paying myself a portion of any profits/loss as income, and keeping the rest inside the business in hopes of any corporate tax benefits.
*Please let me know if this is against community guidelines; this is an honest question and I will remove if needed.
Submitted June 28, 2020 at 09:31PM by bidness-snek https://ift.tt/3iflC98
