How To Set Up A Trading Business (LLC, Trust, Or Corp?)

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Toby Mathis Esq | Tax Planning & Asset Protection

Күн бұрын

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So you want to set up a trading business. That's all well and good, but the question on our mind is if you know how to set up and run a trading business?
You can set up a trading company right now if you wanted, but that's not the issue you should be focusing on. The point of interest should be the steps that come after establishing the business itself.
If you are a business owner, real estate investor, or active investor, please request your free 45-minute strategy consultation with Anderson Business Advisors 👉 aba.link/89v
Toby Mathis is here to delve deeper into the world of trading businesses and what you can do to be the boss of your empire.
Building that long-term wealth and creating something from scratch is time-consuming, so it's best to get started sooner rather than later.
From start to finish, this video has the basics of what you need to start your stock trading business. With each step, Anderson Business Advisors and Toby Mathis are there to help you achieve your dreams.
Thank you for coming to the channel and watching our video.
We hope that you found the video to be informative and helpful if you were planning on starting a business in trading.
If you liked the video, we would appreciate it if you clicked the thumb-up icon. Furthermore, if you really liked the video, subscribe to the channel as we upload content similar to this one regularly.
Questions and comments? Leave them in the comments section as we love to hear from you and try our best to respond in a timely manner.
Good luck with all your endeavors, and tune in again for more great wisdom.
0:00 - Intro
1:01 - Definition of a trading business
6:25 - Trader vs. Investor
10:42 - Why people choose trader status
15:39 - Why create an entity
19:43 - Setting up your trading business
24:14 - The power of your c-corp
30:26 - Here is to avoid an audit
36:09 - Short summary
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ABOUT TOBY MATHIS
Toby Mathis, Esq. is the best-selling author of Infinity Investing: How the Rich Get Richer And How You Can Do The Same. Toby is a tax attorney and founded Anderson Business Advisors, one of the most successful law, tax, and estate planning companies in the United States. Learn more at aba.link/tobyaba
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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice. of the information contained herein without seeking professional legal advice.
#businessstructures #daytrading

Пікірлер: 643

@TobyMathis 2 жыл бұрын

Claim Your FREE 45-minute consultation to receive business planning tips and asset protection. 👉 aba.link/89v

@rabbit892004 Жыл бұрын

I would love for you to help me set this up fam

@michaelleon5629 Жыл бұрын

Let's do this when can we meet

@obiomkpanam9472 8 ай бұрын

Can you help me set this up

@VijayKumar-td3hx 2 ай бұрын

Are there any limits on numbers of trades per year to treat one as a trading business account?

@user-lz2xf6mm4w Ай бұрын

Just signed up for the workshop. Thanks much this is right up my ally.

@pjlifestyle5731 2 жыл бұрын

My man! I’m 23 and I decided to pursue to be a day trader and I’ve been trying to find a clear video about this. It definitely helped a lot! Thank you so much 🙏🏽

@adrianapollyon5087 Жыл бұрын

Are you part of the 95% or the 5%?

@stponyt Жыл бұрын

im 20 n this vid is amazing

@JamesSmith-ct8kw Жыл бұрын

straight up!

@badazzl5oc625 Жыл бұрын

I’m 31 and in the same boat good luck to us all! We got this!

@theslowsimracer6168 Жыл бұрын

Damn I’m 23 too. now I make all this money and I’m just trying to figure out how to maximize it lol.

@xxxnonamexxx5615 9 ай бұрын

I think this may be the most important video for traders to watch. I watched it twice just to get the concepts. It certainly changed my view about becoming a day trader and most importantly it showed me about the potential liability of losing all your hard earned money. Thanks Toby you’re brilliant!

@Monstars_OBG 2 ай бұрын

Do you trade by yourself or within a community?

@pmamba2486 Жыл бұрын

Thank you so much for this video! So much info! Please do more of these!

@bostonredsox1407 Жыл бұрын

Notes to Self: 1. Stock market only? (What about forex?) 2. Trader not an investor because you are making a living off the risks and for 75% of the year. Min. 180 days. About 4 trades a day. 3. Trading continuously.... 4. Holding period is less than 30 days. 5. Write off computer, internet, phone, cost of data, whatever I am using in my trading, etc. As an investor you can't write off those things. 6. Schedule D for trader and investor status. Expenses on Schedule C. 7. Losses can be written off up to $8000. Use losses against capital gains. Up to $3000 and carry the rest of losses the following year. You need to be active at trading so you can carry losses. 8. MTM election. Not a big fan he says. 9. Trading structure: Create legacy, asset protection, business planning, taxes. 10. Page 2 of schedule E. Partnership. Pay a partner so that it is deductible. Your percentage is the Net. This is a C Corp or a LLC taxed as a C Corp.

@danielchenet6999 2 жыл бұрын

So much knowledge! Thank you Sir for sharing all these info, you have gained another subscriber! 👍👍

@organizer14 9 ай бұрын

Excellent and very useful guidance. Thank you very much!

@rockroll7649 Жыл бұрын

The reason for the "95% lose money" metric is because most beginning traders blow out an account, give up, and walk away. I blew out 2 accounts my first 3 years in the business. Trading is a difficult business and traders can expect to lose money for the first couple of years. Being a good technical analyst is not good enough. Traders need to understand the behavior of the market they are trading in.

@khafreahmose8768 21 күн бұрын

They also have to conquer their own psychological idiosyncrasies which I think is the most common reason most traders are not profitable.

@RicherThanIeverbeen Жыл бұрын

Needed this, thank you!

@hwnwhaler1 Жыл бұрын

This is the best most detailed explanation I’ve seen. And I’ve watched many. Mahalo nui!!! Subscribed

@13Floresj Жыл бұрын

Thank you!! I’m so glad I found your channel! Very good information!

@kellylisa3939 Жыл бұрын

Hello, I have a lot of related knowledge that I don't understand. Can I add your number to WHATSAP to contact you and learn about this wealth of knowledge?

@avatads438 Жыл бұрын

I just had to subscribe, such good info was spelled here!

@Regoinvite Жыл бұрын

Thank you so much for all information. Please continue to publish videos. Thank you.

@ediem4222 Жыл бұрын

Your videos are so informative. I can't believe you give all this info for free.

@8kwara Жыл бұрын

Thank you so much for the most simple breakdown on this topic !

@TobyMathis Жыл бұрын

Thank you for watching our content!

@holdthebagtogetthebaginves1603 Жыл бұрын

Great video. thank you for the solid information.

@invictus_1511 Жыл бұрын

Just the video I needed. Excellent content and clarity

@TobyMathis Жыл бұрын

Great to hear, thank you for watching the video!

@michaelhuff7419 2 ай бұрын

I have learned a lot i will watch it again

@derrickswims 2 ай бұрын

Toby this was solid!!! Wow, very well explained. I loved the description of the structure versus the Trader status.

@Murphys_Law9 Жыл бұрын

Ready to get this journey started.

@jjennifer321 2 жыл бұрын

Very informative and really helped me to plan. I really appreciate you for the video. Would you please do another video on how to transfer your personal brokerage account(s) to the trading partnership and the tax consequences?

@rainbowshulacorns3666 Жыл бұрын

Please

@aurelius7435 Жыл бұрын

Very informative and very well explained, thank you. Question: At 16:37, you allude to strategies for maximizing the underwriting value of rental income by having it appear as K-1 income, on the second page of Schedule E. Do you elaborate on the this setup and technique in any of your other videos or writings?

@kennethgrayer2271 Жыл бұрын

Brother thank you so much. Very helpful Happy Holidays and God Bless

@TobyMathis Жыл бұрын

Happy holidays to you too Kenneth! Thank you for watching our content.

@seojimjames 10 ай бұрын

Brilliant Advice, Thanks Toby.

@christianhnilicka19 Жыл бұрын

Fist time watching one of your videos. You have definitely locked in another regular viewer and thank you for the wisdom. Quick question: In your example the brokerage account it attached directly to the management LLC. Is it wise to set up a separate LLC for trading specifically that is housed under a separate asset management LLC. What Im wondering is if there are benefits to doing this or would it complicate or limit the deductions available? Mabey you already have another video about this.

@alliesteamc3546 Жыл бұрын

Thank you for your educational contributions! You are a modern hero teacher!

@TobyMathis Жыл бұрын

Wow, thank you! We appreciate viewers like you taking the time to watch our content!

@lfraser6376 Жыл бұрын

Thanks so much! Any info about the do's and don't of a Trading Corporation are much appreciated!

@bruhmode283 2 жыл бұрын

Thank you for making this video this was one of the most informing and easy for me to understand. I greatly appreciate it.

@TobyMathis 2 жыл бұрын

Glad it was helpful, thank you for watching!

@luckysouljah Жыл бұрын

Awesome video my brother thank you. Truly appreciate it🍀💚🏁

@murphydogprod Жыл бұрын

Fantastic content here Toby! I've been subscribed and really enjoy the way you break these topics down. Thanks for taking the time to share your knowledge.

@murphydogprod Жыл бұрын

Spoke with a person at Anderson today with a followup next week to talk about this sort of thing. Good stuff.

@STELLASCUTENESS 2 жыл бұрын

Precisely what I needed and couldn’t find elsewhere after years of searching! You just got a new customer!

@TobyMathis 2 жыл бұрын

Please let us know if you need anything!

@BryonLape 24 күн бұрын

Tried setting up an LLC in Ohio years ago. Didn't take long for the State to make be regret it. Closed it the first filing year.

@obiomkpanam9472 8 ай бұрын

Am new into trading, would likely want to watch this again.

@lorraineevans351 Жыл бұрын

Amazing information thanks! I’m a travel RN with real estate investing on the side. Would love any videos on those topics

@larsvongraff5794 11 ай бұрын

I’ve been a FT day trader for 3 years out of the six I’ve been going at it. I think it’s worth mentioning that TTS makes trading loses (timely election of Section 475) MTM which gives wash sales different treatment. If you have a high win percentage this is obviously less of a factor, but could be valuable for certain types of traders dependent on you underlying strategy employed. Also QBI 20% deduction and several others…Either way, you you want to go at this profession treating it like a full time job and not be torn between trading and another gig. Laser focus is required. Mistakes cost a lot when your not dialed in super tight when intraday positions are on. Good luck!

@jiafei1821 3 ай бұрын

thank you so much for sharing this information. It's very helpful!

@TobyMathis 3 ай бұрын

Glad it was helpful!

@jacobsin6085 3 ай бұрын

Thank you Tony, you got new subscribers, and I have share your KZfaq to my friends and family.

@TobyMathis 2 ай бұрын

Awesome, thank you!

@domzilla89 2 ай бұрын

Awesome information! Thank you for taking time out to share!

@TobyMathis 2 ай бұрын

Glad it was helpful!

@PaulBrawl-lc7gz Жыл бұрын

So far investor sounds better than trader due to the points you made my man, thank you.

@mc68hc916 Жыл бұрын

Great video; very informative. Two questions; Do the entities need to make a filings with SEC, and is a securities license required of the trader now that trading will be done under an entity?

@brucebramblett8807 2 жыл бұрын

I have been looking for content on how to set up what I need properly. Toby knocked this out of the park. I have had accountants that couldn't get passed the notion of someone making a living trading. Yep very small % of people make it. I have after many years of studying and struggling have been able to do this. My question is, can a individual trader back file earnings after opening a business structure for trading? I have no interest in filing as a "trader"

@yazminfrances Ай бұрын

top tier content - thank you!

@arstein30 Жыл бұрын

Thanks Toby, great video as always. For the trading account in the Partnership, does it need to meet any specific trading requirements like the active trader does? (e.g. number or frequency of trades?) And after I make guaranteed payment to partner, how is any remaining profits in the trading account taxed? Short term Capital Gains on 1040 schedule D?

@vincentanguoni8938 2 жыл бұрын

It's not just what you make.. Its how much you keep!!!

@holdingthings1001 2 жыл бұрын

I clapped for you. Excellent work.

@paulpassarelli3001 8 ай бұрын

Thank you for your time in making this.

@TobyMathis 8 ай бұрын

My pleasure! Thank you for watching.

@organizer14 9 ай бұрын

Very practical high value solve important problem, many thanks!!!!

@TobyMathis 9 ай бұрын

Glad to hear that!

@AlexAlex-zm5qr Жыл бұрын

thanks a lot for the video, really a great job on that! may i suggest if could make a video on how to do the same as european? i would love to have my assets in c corp structure in the US with that kind of tax structure or something the same here!

@organizer14 5 ай бұрын

Thank you very much for brilliant insights on how to structure etc.

@TobyMathis 5 ай бұрын

I'm glad you found the insights helpful!

@J3Trad3s 3 ай бұрын

This was great info Toby. Thank you so much! The way you explain and the examples you gave..made it easy to comprehend and proves your knowledge and experience in the field. Thanks for taking the time to share the info 👍

@TobyMathis 3 ай бұрын

Glad it was helpful!

@stevenpower1804 Жыл бұрын

Excellent information. Thanks for sharing!

@TobyMathis Жыл бұрын

Our pleasure! Thank you for watching!

@OMZCapital 2 жыл бұрын

Absolutely the BEST I have ever heard! Thanks, Toby for taking the time to explain this in detail! 😃

@TobyMathis 2 жыл бұрын

We are glad that you found the video helpful!

@Tealeafsong Жыл бұрын

Thank you.

@justincutts9529 Жыл бұрын

Great video and easy to understand.

@thefirm9679 2 жыл бұрын

Fantastic Meaningful Content, Thanks Toby And You Have A New Sub And Thumbs Up

@TobyMathis 2 жыл бұрын

Welcome aboard! Thank you for joining the community!

@baxoutthebox5682 Жыл бұрын

Toby is truly the GOAT, proud to be an Anderson Client

@betserv.1187 10 ай бұрын

Thank you for the info, Toby. So having to give away the management entity % of your equity of your LLC does not seem like a good option if your stock porforlio in that LLC is worth a lot?

@frankmiller9550 2 жыл бұрын

would you provide a worksheet that shows the steps for setting up a Wyoming LLC and moving assets into it.

@julianrestrepo3050 Жыл бұрын

Awesome! My friends at Anderson Advisors are helping me do this. Thank you.

@TobyMathis Жыл бұрын

Excellent! Thank you for watching our content.

@tradingmompreneur Жыл бұрын

Thank you so much for this information.

@TobyMathis Жыл бұрын

You are so welcome! Thank you for watching the video!

@thomasd8888 23 күн бұрын

You're a life savior. Thank you so much.

@TobyMathis 23 күн бұрын

I'm glad I could help!

@marlon006 7 ай бұрын

Gotta keep watching this video more than once to get a clear picture. After 4.5 years trading I finally became profitable with consistency. Now I gotta figure all this out. How do I find a "you" in my area???😅

@organizer14 5 ай бұрын

Yes extremely useful, many thanks!

@TobyMathis 5 ай бұрын

Glad it was helpful!

@klwiseman23 2 жыл бұрын

Hi Toby, Thank you for sharing your knowledge.....It's invaluable! I have one question regarding the Management Company set-up in a Trading Business. Once I set up the C-Corp would I be allowed to manage all the activities (not receive a salary just claim expenses) or do I need to hire a license firm like Fidelity or T Rowe Price?

@tripham8817 Ай бұрын

Wonderful video! Thank you so much for putting this out there.

@TobyMathis Ай бұрын

Glad you enjoyed it

@johnyc.8714 Ай бұрын

this is exactly what im looking for! thank you mr mathis !! i will def hit you up when im ready fo this adventure

@TobyMathis Ай бұрын

Awesome to hear that you found what you were looking for

@JG-sg7yy Жыл бұрын

Amazing video Toby. I'm curious about the following: (1) not a day trader but more often than not will hold stock for under a year (2) don't want to hold stock in an individual account since holding period is considered short term gains (3) would electing for to be taxed as a C-Corp instead of just LLC as a pass thru be better since C-Corp are lower than the short term gains bracket?

@vennapusa7 Ай бұрын

Awsome explanation, This is very useful to me. Thank you so much once again

@TobyMathis Ай бұрын

Glad it was helpful!

@pp-8829 7 ай бұрын

Thanks!

@danielclayton7524 Жыл бұрын

Thanks so much. Great video.

@TobyMathis Жыл бұрын

Thank you for watching!

@NOVA_STARK 9 ай бұрын

I am 17 now and i made 500% from last year (15 months) and because i put back mostly everything i earn and used 'compounding' effect. My total profit is $30000. And i live in India and it's a third world country. And it's a quite a achievement for me .

@Jay-es3vm 9 ай бұрын

Very informative! Thank you so much! I've been focusing on what it takes for TTS, and this video provides a viable alternative!

@TobyMathis 9 ай бұрын

Glad it was helpful! Thanks for watching!

@floydhemingway1012 Жыл бұрын

Greetings brother this information was great and very easy to understand. I am going to check out your website and channel. Thanks for great content , God bless you and your family.

@TobyMathis Жыл бұрын

Greetings Floyd, here is a link to our website andersonadvisors.com/

@Flandria55 Жыл бұрын

Very well explained from the tax perspective. I wish some info was given on the llc , which might be subject to the regulations of The Investment advisor act. The llp might be subject to the Investment company act.😕

@vincentanguoni8938 2 жыл бұрын

I like how he talks about creating something.. I built beautiful small homes.. I renovated and sometimes saved old homes.. Today its called flipping.. I was no flipper... I like this guy!!!

@foda4685 Жыл бұрын

Thank You for all these great info, i have a question for you, if i want to open llc for day trading and my strategy generates profit but in the same time a lot of losses but overall at the end of the year it generates profit, should i have MArk to market accounting for my broker ? or it doesn't matter because i have llc and i can waive my losses?

@NationWideTrueCrime Жыл бұрын

Great Video! Question though, What about these evaluations people do to earn funding? Would the fees for the evaluation and the resets be tax deduction under education?

@kylegirdler1882 Жыл бұрын

I started a business last year and it didn’t even get off the ground because I realized I was just trying to do something that I didn’t want to do. I’m very passionate about trading and have had a great deal of success I plan to make a structure like this probably at the beginning of next year. I will be contacting to find out more info thanks for the great ideas

@javadghandi Ай бұрын

Thanks a million for all the info. You are a real pro . I will stay in touch ...

@TobyMathis Ай бұрын

I appreciate that!

@prograntsproposals424 Жыл бұрын

I never knew the benefits of having a WY LLC until watching your video. You provide great and thorough information.Thank you!

@kellylisa3939 Жыл бұрын

Hello, I have a lot of related knowledge that I don't understand. Can I add your number to WHATSAP to contact you and learn about this wealth of knowledge?

@adrienpetersen Жыл бұрын

Would love to see more videos around trading businesses.

@TobyMathis Жыл бұрын

We will take your suggestion into consideration, thank you for watching the channel.

@kendellfriend5558 Жыл бұрын

Im just getting to this video now, I’m not a CPA but I am a student in accounting (undergrad not grad). So glad I structured my business this way. 😩 I’m opening a cafe in December with my trading proceeds from forex.

@kellylisa3939 Жыл бұрын

Hello, I have a lot of related knowledge that I don't understand. Can I add your number to WHATSAP to contact you and learn about this wealth of knowledge?

@Rick-the-Swift Жыл бұрын

How's the café made possible by forex going? Just curious

@chrisWTG 3 ай бұрын

help me out, i made a wyoming series LLC, can i structure it in a similar way?

@Nico-jt4jd 2 жыл бұрын

Toby, you’re my new best friend. Thank you for this video.

@TobyMathis 2 жыл бұрын

Any time, thank you for being a viewer!

@user-oj4qi6xo8t 2 жыл бұрын

Thank you for this information. Can you do a more detailed video of this C.Corp structure?

@TobyMathis 2 жыл бұрын

We will make a note of your suggestion!

@infraaa_ 4 ай бұрын

At first I was skeptical how helpful this would be. Then he started talking about data flow being able to be deducted and that got my attention. THEN he started talking about writing covered calls, and I realized 'this guy really knows his stuff'

@jerontownsend5903 Жыл бұрын

Great info...I appreciate the nuggets

@TobyMathis Жыл бұрын

Thank you, let us know if you have any questions!

@t3chap1 10 ай бұрын

Toby- Any of this change if you primarily trade futures instead of stock? Gains/losses marked to market at end of year, etc. Management structure still the most efficient/audit resistant? Thanks

@sears62 2 жыл бұрын

Thanks for doing this video

@TobyMathis 2 жыл бұрын

Our pleasure, thank you for watching!

@HectorCondis Жыл бұрын

Thank you Very helpful

@TobyMathis Жыл бұрын

Always welcome, thank you for watching!

@sydneybird116 Жыл бұрын

Do you then have two entities: the management company as a c-corp and the "me entity" as a partnership with the c-corp? Is the "me entity" also a c-corp? What document do you use to memorialize the partnership and/or management arrangement.

@rudy9362 Жыл бұрын

Hi Toby, great info. I was strongly contemplating going Trader status but you have convinced me otherwise. I do Sell lots of Options, approx 5/day, year-round. Would you recommend I go Trader or Investor status???

@ronniec8370 Жыл бұрын

so LLC is the best, got it...thanks...

@chrisWTG 3 ай бұрын

great video!!! I just established a wyoming series company, and plan to day trade in one of them, can I pay the other LLC as a holdings company similar to the structure defined in your video? (paying the holding companies an intellectual property usage fee or a management fee?) thanks a bunch!

@TerranLivesMatterCrypto Жыл бұрын

Thanks so much Toby! I have a question though, with crypto I have invested into Trading bots that day trade on my behalf. Can I create an entity which protects my investment and gains with an LLC setup for a trading business?

@creativeminds613 Жыл бұрын

You give so much value! Unfortunately I live in Australia. Does anyone know someone from Australia that shares the same knowledge?

@aliosatos3266 Жыл бұрын

Great info, watched it twice ... how do you feel the llc out of Delaware

@imcalvintwo Жыл бұрын

This was great! I’ve been starting my trading journey and decided to look into creating an LLC for it. I’m glad I started here, thank you for the information. Now on to beginning the process of setting up an LLC and trade through there!

@user-rl5yy6qi8h 14 күн бұрын

hey, I am confused. Can an investor (someone who doesnt day trade regularly) can setup Trading Business, brokerage account, structure it as LLC (C-Corp), and will be able to deducted business expense? Does the LLC need to qualify for TTS?

@johnwagenhofferjr1132 2 жыл бұрын

Just wanted to say thanks. You put out such informative and great content.

@TobyMathis 2 жыл бұрын

Thank you for being part of our amazing community!

@Freedomkwok Жыл бұрын

Thanks for the greate content, I had similar idea but got nowhere to confirm it would work. Also are there any video or website to cover how to setup the asset manager LLC's client agreement? The agreement that allow asset management LLC has full control on client;s fund(regardless is cash or 401K) and paper work that change the comissions from the clients? not sure if the asset manager is required to be an CFA or have Series 7 exam passed? all those detail would love to know or at least let me know where to find thanks