Hiranya PereraDec 25, 2021 · 3 years ago2 answers What is the best legal structure (LLC or S-Corp) for day trading cryptocurrencies?
When it comes to day trading cryptocurrencies, what is the best legal structure to choose between LLC (Limited Liability Company) and S-Corp (S Corporation)? What are the advantages and disadvantages of each structure in terms of taxation, liability protection, and compliance with regulations? How do these legal structures affect the day trader's ability to deduct business expenses and manage personal liability? Which structure is more suitable for a day trader looking to maximize profits and minimize risks?