Family & Friends Entity

Discussion in 'Professional Trading' started by PDX, Sep 3, 2005.

  1. 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.

  2. 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.
  3. PDX


    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.
  4. Your brokerage firm should know about stuff like that. If they don't, ditch them.