Can you invest money made from a business directly in a brokerage account for that business? I have one rental property that brings in a modest positive cash flow each month. Saving up for future purchases of rental properties. While money is waiting, is it feasible to open brokerage account in business name? Or would it just be better to withdraw money from business account and put it in my personal brokerage account? Tax implications?
It is possible to open a brokerage account for your business. I would talk to a CPA about how it might affect your taxes, but there are a few advantages and you could write off expenses related to trading activities. Check out this helpful Investopedia article to find out more.