Many full-time traders eventually formalize their activity into a trading business to avail tax benefits, streamline operations, and build credibility. This involves registering as a sole proprietorship, partnership, or LLP. Opening a current account and maintaining books of accounts is the first step. Traders can claim business-related expenses such as internet, research tools, subscriptions, and rent. A GST registration may not be necessary unless involved in advisory or training services. A trading business structure also helps in credit access, business loans, and investor partnerships. Using software like Tally or QuickBooks helps manage ledgers, P&L, and balance sheets. Traders must also register with exchanges or brokers as a proprietary trader if using large volumes. Maintaining trading journal, client documentation (if managing others’ money), and compliance records ensures the business remains audit-ready. Structuring your trades under a registered business brings professionalism, legal clarity, and long-term growth opportunity for serious traders.