# Setting up a company to trade crypto in the UK? **URL:** \ **Category:** Tax Questions\ **Created:** [March 8, 2021, 2:36pm UTC](https://discuss.koinly.io/t/setting-up-a-company-to-trade-crypto-in-the-uk/2419 "2021-03-08T14:36:37Z")\ **Posts on this page:** 3\ **Page:** 1
**Author:** ![Pi-Rr](https://yyz2.discourse-cdn.com/flex052/user_avatar/discuss.koinly.io/pi-rr/32/1472_2.png) [@Pi-Rr](https://discuss.koinly.io/u/Pi-Rr)\ **Post date:** [March 8, 2021, 2:36pm UTC](https://discuss.koinly.io/t/setting-up-a-company-to-trade-crypto-in-the-uk/2419/1 "2021-03-08T14:36:38Z")
Hi there, I am wondering what would be the benefits (if any) of setting up a LLC to trade crypto as a UK tax residents, assuming I trade full-time and make profits meaningfully above the Personal Allowance of £12,500. I would welcome any thoughts regarding the tax impact of such a setup? Many thanks! ---
**Author:** ![Paul\_Hill](https://yyz2.discourse-cdn.com/flex052/user_avatar/discuss.koinly.io/paul_hill/32/1030_2.png) [@Paul\_Hill](https://discuss.koinly.io/u/Paul_Hill)\ **Post date:** [April 13, 2021, 6:40am UTC](https://discuss.koinly.io/t/setting-up-a-company-to-trade-crypto-in-the-uk/2419/2 "2021-04-13T06:40:23Z")
I am not in anyway a Tax adviser, but I think that it might involve quite a lot of paperwork setting up such a thing as it might ??? be classed as an investment company. They have a lot of particular rules to be followed, more than say setting up an LLC as a plumber or IT worker. Go see an accountant before you take this route. ---
**Author:** ![system](https://canada1.discourse-cdn.com/flex052/uploads/koinly_app/original/1X/7ac58e5593a7122893d066794a7254dcdb5ddb31.png) [@system](https://discuss.koinly.io/u/system)\ **Post date:** [June 12, 2021, 6:41am UTC](https://discuss.koinly.io/t/setting-up-a-company-to-trade-crypto-in-the-uk/2419/3 "2021-06-12T06:41:24Z")
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