Justin
03-30-2009, 01:40 PM
I've been reading the information on Traders Accounting website about their strategy of creating two entities. The first entity is an LLC or S-Corp and the second entity is a regular C-corp which owns a percentage of the first entity. This arrangement can apparently reduce the tax burden for traders.
Here's the page: http://www.tradersaccounting.com/product.php?productid=16173&cat=250&page=1
I anticipate it means having to double your administration work by filing 2 separate 10-Q's per quarter, 2 10-K's at the end of the year, and 2 annual reports.
I'm a trader and not affiliated with Traders Accounting in any way but am curious about having other traders respond to:
How many of you are set up this way and if so has it indeed helped you with your taxes?
Are you pleased with the results and realizing true value? (Would you recommend this approach?)
How much has this setup contributed to your overhead and administration?
Do you recommend a different approach?
Here's the page: http://www.tradersaccounting.com/product.php?productid=16173&cat=250&page=1
I anticipate it means having to double your administration work by filing 2 separate 10-Q's per quarter, 2 10-K's at the end of the year, and 2 annual reports.
I'm a trader and not affiliated with Traders Accounting in any way but am curious about having other traders respond to:
How many of you are set up this way and if so has it indeed helped you with your taxes?
Are you pleased with the results and realizing true value? (Would you recommend this approach?)
How much has this setup contributed to your overhead and administration?
Do you recommend a different approach?