To incorporate of not to incorporate…
If you are a “Trader” there are a number of issues that exist before you. One that may have the most impact on your tax situation may be where or not you incorporate or not.
There are distinct benefits to incorporating, you can pool resources, and one or more are able to come together for the greater good. The structure allows you to become an employee and issue benefits that you may not otherwise enjoy. It is easier to establish that there is a real business purpose beyond it being just a hobby or dalliance. It eases the ability to utilize “mark to market” accounting treatment Section 475(f).
For a more through discussion, contact the office for an appointment.