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Hello,
Yes, that's what I did, just as you say below. Incorporation is only
one of the options, it may not be the best option for you.
FYI, I suggest you talk to someone who really knows this area,
before you make decisions. If you are in N America, Talk to Jim Crimmins
at TradersAccounting.com he does this as a business.
His number is 800.938-9513 x205
I'm not affiliated, just have met him and received some advice from him.
Best wishes,
-Neal.
At 05:11 PM 12/13/2002 -0500, you wrote:
>Hello List,
>
> As my investing has become more and more profitable, it's
>left me looking for solutions that might help me hold onto a little more of
>what I've earned. One strategy that seems to be quite common is to create a
>company and then pay yourself a salary from that company. Does anyone have
>any experience with this? If you can't tell by now, I know little when it
>comes to this subject. I've decided a tax advisor knowledgeable about those
>issues affecting traders like ourselves might be able to help. Does anyone
>know of a firm that specializes in this field? Any guidance would be
>greatly appreciated.
>
>Best,
>Jim.
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