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https://boards.fool.com/are-stocks-handled-similarly-individual-vs-llc-22845798.aspx
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| Subject: Are stocks handled similarly (Individual vs LLC) | Date: 8/5/2005 1:40 AM | |
| Author: musclecardad | Number: 80262 of 131768 | |
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Hey folks, I have a portfolio of stocks in a personal eTrade account (my own name). And I also own an LLC that is authorized to use eTrade brokerage for securies trading, capital growth. I know that I can transact trades in the Business LLC just like I do in the personal account. I also know to keep them 100% separate for liability purposes. I'm assuming (and you know what that means!) that taxes on profits, and credits for losses, are pretty much handled the same since my LLC is a pass-thru sole owner charter. Does anyone have any direct experience with this, or know of a good resource where I can do some additional research? I want to run a sizeable portfolio in the LLC account - but not if the taxes are overly complicated or end up costing me money. Mike M |
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