Thread: Forming a LLC
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Old 09-30-2007, 07:48 AM
plus95 plus95 is offline
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hi, green trader

i read some of the articles on your site and i have a few questions about how trading spot forex works in other countries.

I am a US citizen but i am planning on moving to a country that has no capital gains tax. From your article, I believe that if i set up an "entity" (which I assume means I can set up an LLC) that it can then pay me, the trader, an administrative fee of up to 80,000$ which to me would be tax free.

So if i trade and make less then 80K$ under these conditions I wouldnt be paying any tax on the spot forex gains?

Does the LLC also pay no tax?

I just wanted to make sure I was understanding the article. Thanks for all the information.
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