AutoShares® Account Types

AutoShares® offers several types of brokerage accounts to cater to different investor needs. Here are the main account types:

• Standard Account Types:
• Individual Account: A personal investment account registered under one person's name only.
• Joint Tenants with Rights of Survivorship: A joint account where, in the event of death of one tenant, the ownership of the entire account reverts to the surviving tenant.
• Joint Tenants in Common: A joint account where the surviving tenant is entitled only to their pro-rata portion of the account upon the death of another tenant.
• Custodial Account: Established by an adult for the benefit of a minor, where margin trading is not available.
• Organization Account Types:
• Corporate Account: Registered in the name of a corporation, requiring full trading authorization for at least one individual.
• Limited Liability Corporation Account: Registered in the name of an LLC, using a tax identification number.
• Sole Proprietorship Account: Registered in the name of the sole proprietorship, allowing for equities, options, and futures trading.
• Partnership Account: Registered in the name of a partnership with at least one person granted full trading authorization.
• Revocable and Non-Revocable Personal Trust Accounts: Accounts opened under the legal name of the trust with specific requirements for tax identification.
• IRA Account Types:
• Traditional IRA: Allows contributions of pre-tax or after-tax dollars with tax-deductible benefits.
• SEP IRA: A retirement plan for small businesses, where employers make all contributions.
• Rollover IRA: A tax-free reinvestment of a distribution from a qualified retirement plan.
• Roth IRA: Allows contributions that grow tax-free, subject to certain income limits.

AutoShares® Broker Account Opening Process

To open an account with AutoShares®, follow these steps:

• Select Account Type: Choose the appropriate account type based on your investment needs (individual, joint, corporate, etc.).

• Complete Required Forms: Depending on the account type, complete necessary forms such as:

• Account application
• Margin agreement (if applicable)
• Joint agreements for joint accounts
• Trust agreements for trust accounts
• Provide Documentation: Submit required documentation, which may include:
• Social security number for individuals or minors
• Tax identification number for organizations
• Articles and certificate of incorporation for corporate accounts

• Initial Funding: Fund your account as required. Some accounts may have minimum deposit requirements.

• Review and Submit: Review all information and submit your application for processing.

• Account Approval: Wait for account approval from AutoShares®, after which you can start trading.

For more detailed information, you may visit AutoShares® account types.