[brownsfan019]

Good thread 404. In my experience, it really comes down to what your goals are. For example, if you want to trade OPM (other people's money), you'll almost certainly want a formal setup. If you just want to trade friends/family, there are ways to structure that as well.

The key is finding good, competent advisers. Make no mistake, just b/c you see CPA or Lawyer, etc. after a person's name does NOT mean they are a good resource for building your biz. You need someone that has experience in this field, as you've seen on green's site.

This could become a great thread IF a qualified person (such as from Green) could visit and chime in. I'm sure James would be ok with a person from a reputable firm offering their advice here.

Just remember there is no one size fits all and a qualified professional in this field may not be the local account or attorney. This is very much a niche market.