 Re: How to tax optimize the most with trading, using LLC?
The price / vol / tick data your broker provides you is not free. Brokers pay to stream this data from exchanges and provide it to retail / non- professionals for free, meanwhile charging professionals / corporate entities for it. As soon as you incorporate, you are required to declare your status as a “professional” and thereby must pay for it from there on out. It doesn’t matter if you’ve never traded before in your life and are a total novice / have no formal registration with the SEC / etc, as soon as you begin trading for some entity you are considered a professional and must pay. Otherwise They will only grant you access to their delayed data feed which typically runs on 20min delay
Data feeds can run expensive as well depending on which you subscribe to (120+/month), so I’d strongly advise against it
This is assuming you trade on an intraday basis, if you’re simply BnH latency may not an issue
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