I currently have an individual brokerage account that I use to invest in global equities. Over the past couple months I've been thinking about potentially launching a fund in the future. As a result, I'm considering starting an offshore LLC and opening a business account at the same brokerage. That way I can get the account performance audited and use that to perhaps raise capital. For the first year or two though, all the capital would be my own. And I would be the sole director and shareholder. Do I need to get a license or register with any entity during this initial 1 to 2 year phase? Moreover, should I choose not to start a fund in the future, is there any benefit to investing through an LLC as compared to investing through an individual account? Many thanks in advance.