Family & Friends Entity

P

PDX

I've been doing well with options and have family and friends who would like for me to trade for them. Is there a good entity for this so I don't have to keep flipping between accounts to make trades and can pool them? I don't want to have to get any license to do this. Live in Oregon.

Thanks.
 
Quote from mcarver918:family and friends who would like for me to trade for them. Is there a good entity for this
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For something like what you've described some people might do a Partnership, much like an "investment club." Others might prefer a little more formality and will use a LLC instread.

It might depend on what your compensation package is going to be. How much money is involved, asset protection, and so on.
 
Right now we're talking ~$20K startup. Goal is to only extract trading expenses and not a commission. Returns are about 15% per month so could grow at a fair pace and intent is to retain and grow size of pot to get into better trades.
 
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