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Entity Accounts

Tuesday, April 15, 2025

Entity accounts allow businesses, including LLCs, corporations, partnerships, and trusts, to trade stocks, options, futures, and more under their organization's name. This page covers entity account eligibility, required documentation (such as articles of incorporation and EIN), available trading permissions, and the steps to open an entity brokerage account with tastytrade.

Entity accounts belong to a legal entity, rather than to an individual or a group of individuals. Some entity accounts offer tax advantages, while others offer limited liability. There are two primary categories of entity accounts: corporate and trust. 

Corporate

Corporate accounts are designed for legally established U.S. entities. Our current corporate account offerings are as follows: 

  • C Corp: A C Corporation is a legally established entity authorized by a U.S. state to conduct business operations. C Corps are subject to corporate income tax. 

  • S Corp: An S Corporation is a legally established entity authorized by a U.S. state to conduct business operations. S Corps are not subject to corporate income tax and are limited to 100 shareholders or fewer. 

  • LLC: A Limited Liability Company is an unincorporated legal entity that offers its owners limited liability protection and pass-through income tax benefits. 

  • Partnership Accounts: A partnership is a legally established entity with two or more individuals. Partnerships do not pay income taxes directly; profits and losses are distributed to individual partners. 


For specific details and guidance regarding entity accounts, consult a tax professional. 

Trust

Trust accounts can be established as either a revocable trust or an irrevocable trust. To open a trust account, simply fill out the Certificate of Trust and Investment Powers form.


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