This question come from Joe, one of our ProVision clients:

Q: I recently went over my tax strategy with Cindi and we concluded that my best option is to set up my trading account within an LLC for asset protection since I would not qualify as a trader at this point. I do plan to quit my job and become a full time trader at some point. Should I start to build business credit now for future purposes?

A: You can never start too early building business credit. Since debt and taxes are what make you wealthy, gaining access to more debt is essential to building your wealth. It’s great that you already are setting up an LLC and yes, you can start building business credit immediately. If you need help, I suggest Garrett Sutton’s training course on building business credit. You can find it at www.sutlaw.com.

Warmest regards,

Tom