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