The EASIEST Breakdown: LLC vs S-Corp for your trading business
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The state is not helping you if you want to do this for a living! In fact, even if you wanted to, it would be pretty much impossible. The cost of doing this is much higher than you might think. You need your own boat which, for most people to buy a new boat adds about a $500-$1000 payment every month depending on the boat you get maybe even more possibly less. Now you have to get a truck capable of pulling. That might be another a couple hundred dollars more than you’re currently spending on you
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