02-04-2020, 01:05 AM
(This post was last modified: 02-04-2020, 02:29 AM by videogamesrock.)
Here is the link to setup a TD business account. The account will grant checks and a debit card, and you can invest in dividend paying stocks, or publicly traded oil trusts, futures, options, or boring but effective index funds! For now you can choose the sole proprietor account option and poof you're in business. Most states do not require sole proprietors to register. You'll use your own social instead of a tax id. If you're going to spend a few thousand on accounting, finance, business courses, they should pair nicely with your new venture.
https://www.tdameritrade.com/account-typ...ialty.page
This might lead to you converting to an investment club account or one under an LLC if you choose to open one, but most importantly, learning how to invest leads to lifelong benefits through the miracles of compound interest beyond the rate of inflation.
I would suggest the LLC option as you would get a separate tax ID on your annual tax forms.
https://www.tdameritrade.com/account-typ...ialty.page
This might lead to you converting to an investment club account or one under an LLC if you choose to open one, but most importantly, learning how to invest leads to lifelong benefits through the miracles of compound interest beyond the rate of inflation.
I would suggest the LLC option as you would get a separate tax ID on your annual tax forms.
MA in progress
Certificate in the Study of Capitalism - University of Arkansas
BS, Business Administration - Ashworth College
Certificates in Accounting & Finance
BA, Regents Bachelor of Arts - West Virginia University
AAS & AGS
Certificate in the Study of Capitalism - University of Arkansas
BS, Business Administration - Ashworth College
Certificates in Accounting & Finance
BA, Regents Bachelor of Arts - West Virginia University
AAS & AGS