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Non-Tech : Secret Squirrels hit! -- Ignore unavailable to you. Want to Upgrade?

To: Trumptown who wrote (6423)	9/10/1999 9:07:00 PM
From: Lola	Read Replies (1) \| Respond to of 12872

Yes incorporating a company and opening a trading account under that corporations name is perfectly legit. You do have to do the paperwork all as if it is the corporation doing all that stuff and not you. Corporations have trading accounts all the time. Also there's added benefits when you open a corporate trading account with a broker. For some reason they're much looser with corporate accounts than they are with individual accounts. I get away with so much crap in my corporate accounts that would never be allowed in my personal accounts. Lola:) edit: . . . The tax savings because you incorporated are not retroactive so if you incorporated say in the middle of the year and wanted to report all your gains as a corporation you couldn't do that. They count every day that you were incorporated versus not incorporated and they make you pay a different amount of tax for the number of days you were not incoporated.