Ever been in an investment partnership?
January 26, 2008 8:52 AM Subscribe
Tell me about your experience with investment partnerships. (Multiple questions inside.)
I’m interested in pooling some funds with some friends and to try our hands in market investments. (This is in the US, Georgia)
I gather that we’ll need to establish a tax identity with the IRS. Where can I find more details about the tax implications?
How did you decide how to assign ownership of the partnership’s assets? What happens if a new person wants to buy in, or someone wants to cash out?
Which banks and brokerages work well for multiple account owners with low costs?