S-Corporation

[1mr4cnt]

Hello Ryan,

If I set my trading business up as an S-corporation, can I then invest in a personal IRA?

Thank you,

Irene

[Ryan Gibson]

You would never want to trade in an "S" Corp as you would subject more than half your gains to 15.3% employment tax. I most cases an LLC will work much better.

I an mot sure what you mean by investing in a personal IRA. Please clarify what you are asking.

Regards,
Ryan Gibson