what are the benefits and problems with creating a limited partnership? *grin*Benefits: -accomplishes what you want to do-might be thought of as an investment club (no one said all of the club members had to stay very active, did they?)Problems: -requires another tax filing-complicates the partners' tax returns as well-may or may not handle the securities licensing issuesA limited partnership is more likely to be subject to SEC regulation than a general partnership. Investment clubs are almost always established as general partnerships. Nevertheless, IIRC investment partnerships with under 100 need not register with the SEC. (NOTE: This requirement is independent of any requirement for the advisor to register.)Ira
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