Can I incorporate as a C corporation whose only business is trading stocks?

Can I incorporate as a C corporation whose only business is trading stocks – if so are my gains considered my income. Do I have to report every single trade in my returns or is the total profit/loss sufficient.


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One Response to “Can I incorporate as a C corporation whose only business is trading stocks?”

  1. wa1tjb says:

    No, you cannot. If you do so, your business will be considered a holding corporation, which is illegal. A corporation has the right to own stocks in other companies, but it must have an ongoing business before it can.