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LLC for holding brokerage (taxable) account?

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  • GI-TX
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    I believe I saw something like that mentioned in one of the Rich Dad books. Is this a good idea?
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    LLCs are typically used for investing clubs so I suppose you could use it for one person. This article explains what to do, but this is one instance I would recommend you consult with an attorney before setting it up. imho, it would be less complicated if you simply used insurance for protection (umbrella, malpractice, P&C).
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    Thanks so much for the information!

    Leave a comment:


  • jfoxcpacfp
    replied




    I believe I saw something like that mentioned in one of the Rich Dad books. Is this a good idea?
    Click to expand...


    LLCs are typically used for investing clubs so I suppose you could use it for one person. This article explains what to do, but this is one instance I would recommend you consult with an attorney before setting it up. imho, it would be less complicated if you simply used insurance for protection (umbrella, malpractice, P&C).

    Leave a comment:


  • GI-TX
    started a topic LLC for holding brokerage (taxable) account?

    LLC for holding brokerage (taxable) account?

    I believe I saw something like that mentioned in one of the Rich Dad books. Is this a good idea?
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