US Buyers & Sellers who do it for a living - Question for you.

[Bman84]

For those of you in the US who buy and sell bitcoin locally or online, how did you go about setting it up as a legit business? I've looked into it a while ago, and then stopped, but I've been doing it for a bit now and believe it is time to start up a legitimate LLC. I'm reading mixed information about what you need in order to buy and sell bitcoin. All the lawyers I've talked to don't even know where to begin, so I figured I would start here, and might be able to present a lawyer, and CPA with some direction. I'm located in CT if that helps any.

I trade online (MoneyPak for example) and locally, but I want to expand a bit, using bank deposits for example.

If you need any other information, I'll be sure to respond promptly.

Thanks in advance.

[Bejkn]

reference to coinbase

[TheButterZone]

You start with a few dozen million dollars and then bribe the fuck out of the government at every level, who won't let you "be legit" without bribes that they euphemistically refer to as 'fees'.

[sherbyspark]

You start with a few dozen million dollars and then bribe the fuck out of the government at every level, who won't let you "be legit" without bribes that they euphemistically refer to as 'fees'.

With that, not a lot of sellers and buyers would be profitable. I know someone , who have had their bank accounts shut down by selling on localbitcoins. He simply moved on.