Forum Archive Index - May 2004

[<nairs@slingshot.co.nz>]

Hi there,

I am in the process of setting up a structure to Trade in Overseas Options
(Australian Stocks).
I have consulted with my accountant and a few lawyers regarding the 
structure, but everyone seems to have a different idea of the setup. I am 
hoping to hear from someone who already does Trading through some form of 
Corporate body. I believe its better getting a suggestion from a person, 
who has been there and done that compared to someone who's gonna read it 
for me from a book.

The suggestions I have got so far are.

1)Setting up a Trading Trust and that the trust has a company to act as 
the sole trustee. And I would be the sole director of that company. The 
trust will trade as XYZ Limited as trustee of the ABC Trust
2)Another suggested trading options in my own name or as an LAQC company. 
Losses can then be offset against current years income and therefore 
saving tax.If the options trading produces a profit, this can be spread 
between yourself and my wife under a company scenario.

Anybody out there in a similar position..., all suggestions will be much 
appreciated.

Cheers
John








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