(to others also)
BTW, I also found some awesome benefits of C CORP but do not want to promote it.. Might be not hard to find but also heavily depends what one is looking for...
So again, I think that one can hardly get wrong with rather simple LLC... And maybe attach S-corp for tax reason... But with C CORP it is much harder to find or to exploit the edge of course.. because yeah, TAXes... BUT again... ok.. You can google, youtube or just ask FEW top pros.. they do differ on the subject, heavily... again depends what one is looking for... For some small biz that is looking how to put Thanksgiving turkey under the company expenses, claiming it was a business meeting expenses (with family - co-owners, shareholders etc...)... this LLC+S-corp might be BINGO... But for guys that really appreciate the CORPORATIONS and what can be done with them.. how there were tested through the sands of time.. Not just on paper, but in courts... And LOVES the CORP game... Might not have a choice to have at least one C... Just my 2b ppl... to each it's own.. Still haven't made ironclad decision, but I am attracted to C the most Sure, with LLC and maybe even S on the side... BTW if taxes would be the MAIN concern.. I might not be looking US at all...
Also it heavily depends on the personality.. Some love the CORP world... and everything about it... Some love the (small) BIZ world... Usually, quite different personalities (needed)... And the same solutions that might bring good profits in small business, the way they "solve" things.. could cost many lives in the corp world... So either someone is more of a DIY guy or one likes to delegate, PAY (invest in) PROs to set the things right
It is also funny to see the personalities reflect in trading.. Some are so fixated on getting the "ZERO risk" trade.. seeting the SL0 as soon as possible... maybe not letting the trade to breath.. because it does go in NEG before it might go to POS... (real) CORPs guys are more like... "cutting the losses", exposure, "let's do this" style... "cut it fast and cut it deep".. which more "small biz" people see as a SIN.. they would rather go DOWN with the company than to admit they were wrong.. or hire/listen to someone...
BTW, just my opinion! To each its own... We need both types...
And it is interesting.. some people here dreaming about putting 10-100k deposit, retirement money or pension or life-savings in the TRADE account and dreaming of "FIX" annual income.. Some dream about rollin 100USD to 100M if not 100B.. and some dream about becoming THE BROKER himself... or even (INVESTMENT) BANK.. It is very exciting to see different personalities in the trading world also... That is why I alway suggest to breakdown trade(r) into components and he might have the JUICE even if he might not be profitable.. at the same time, some (very) profitable ones might just be on the POSITIVE side of extreme risk and luck For the time being at least...
So, to sum up, it comes down to the WHOLE picture... of what the main objective, strategy is... Then the COMP/CORP solution might appear naturally, specially with the help with some PROs... or at least some clips online that sum up the best cases/templates for certain types
Can you afford to take that chance?