Hi everyone. My name is Keith and I am in the process of setting up a LLC in Maryland for trading stocks and a website I run for stock analysis. I have some beginner questions on how I should run shop but first I will give you some more background.

I use TDAmeritrade as my broker currently and I have a personal account set up. However, once the LLC is up and running I plan on switching to a specialty account account hooked to my LLC (so that I can deduct more than $3000 in losses). I have approximately $12,000 in my account right now but I will be receiving a $25,000 gift from my mother in the near future. This should allow me to set up a margin account and get cleared as a day trader. I have not set up a business bank account yet for my LLC, nor do I know what the best way to go about doing this is. I have a personal checking account right now where all of my bills are deducted from. I withdraw funds as needed from my TDAmeritrade account to the personal checking to pay my bills.

My questions are as follows:

1. How do I go about getting a Tax ID for my LLC?

2. Do I need to pay quarterly taxes on my earnings? Since I haven't thus far (started trading in June), am I looking at a penalty coming up?

3. Is it possible to pay bills directly from my LLC business bank account that I would be setting up? Is that legal? If not, what would be the most cost-efficient way of doing so? Basically, should I transfer my TDAmeritrade funds to my personal checking or business checking?

4. How do I give the $25,000 gift back to my mother untaxed since I will be placing it in my LLC?

5. What's the best way to get a business bank account for my LLC? Same as a personal bank account I'm assuming? Just walk in the bank and link it to the LLC?

6. Am I going to be capital gains tax and self-employment tax for everything I withdraw from my broker account? Do I still pay self-employment if I don't withdraw the money?

As you can see, I'm quite novice with this business and tax aspect but any help will be much appreciated. Thank you in advance.