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Mjs3382

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  1. I’ve been managing Separately Managed Accounts at Interactive Brokers for some friends and family. Since it is less than five people, I’ve been exempt from state registration as a Registered Investment Advisor in the state I/we are located (also I’m not currently charging fees). As I’m close to exceeding five “clients”, I’d like to formalize the structure and form probably an LLC that will act as the Registered Investment Advisor. I’m just trying to get a sense from anyone whose managing money under this structure currently, what their start-up and ongoing expenses are/were? Just general figures. I’ll obviously hire a lawyer but would love to have some more concrete idea of expenses before starting down that route. Any info on this would be extremely appreciated. Thanks.
  2. Thanks - Meant buying UK stocks in US based account. So no taxes due to the UK? Just typical US capital gains taxes would be owed?
  3. I've had a tough time finding a definitive source on what the capital gains tax implications are for US citizens investing in UK stocks. Recently been considering making an investment domiciled in the UK. Just looking to see if anyone knows the answer - would be greatly appreciated. Figured I might find a better and quicker response here than just looking on the internet (so far haven't found much).
  4. Does anyone have a copy of Allan Mecham’s 2017 letter they’d be willing to post? Thanks in advance.
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