Stock Trading and Other Things

How to open a trading business firm?

Hi. I do day trading, and I have a portfolio that I update montly, and so far I am doing really well, and I heard that if I trade under a business that I open, I can save lots of money with taxes.

My question is..can I open my own trading firm that'll pay taxes on profits I make trading/investing?

Can I add the "capital" or "financial" in the name..just wondering?

Someone please let me know as I'd like to get working on this as soon as possible. Thank you in advance!

Public Comments

1. No matter what business form your trading activity takes, you must eventually report your income. Since day-trading has virtually no deductible expenses, you will pay taxes on all reported income whether you incorporate or not...

Good Luck!