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NinjaTrader Brokerage Services (www.ninjatraderbrokerage.com)

  #114 (permalink)

Michigan, Jackson
 
Trading Experience: Intermediate
Platform: NT and TS
Broker/Data: NT Continuum
Favorite Futures: ES, CL
 
Posts: 857 since Jul 2009
Thanks: 389 given, 551 received

LLCs and S Corps - non-professional trading status?

Are all LLCs and/or S Corps operating as a trading business or trading education business contrued by law as professional? If so, is this a CFTC ruling or an IRS ruling? If I recall correctly, former Mirus representative commented on the fact that not all LLCs and/or S Corps that have accounts with them are considered professional but non-professional.

Legally, wherein lies the distinction? Anyone operating a non-professional trading LLC/ S Corp?

Thanks,

Ken

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