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How do you set up a partnership to buy and sell stocks?

Updated: 8/16/2019
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Chillen22

Lvl 1
12y ago

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I would suggest an LLC (limited liability company). This type of company has become very popular in recent years due to certain advantages. LLC's provide you with the benefits of a corporation, that is limited liability, without the double taxation that a normal corp. would incur. So, you could set up your LLC as an investment company, without having to risk your nestegg. This is definitely win-win. The details of setup should definitely be set up with a good financial attorney, but does not have to be in your home state. Delaware offers some definite advantages and is quite inexpensive. Wyhoming is also worth looking into. I personally use Delaware. You can find more info on the web. Happy investing, and I don't think the latest ride is going to last, the price of fuel is rising too rapidly. I would sell the market short.

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Q: How do you set up a partnership to buy and sell stocks?
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