Hi everyone, I am looking to start an investment fund with my business partner. I am based out of the US and he is in the UK, we will trade only forex. I know in the US if there are less than 15 investors then I will be fine with no license because it is considered friends and family. Some people will invest from the UK and others from the US. I was thinking if I open a money manager account with a broker, then investors could open an account under their name, make a deposit and I can trade everything with a master account. However, this may be tough with investors from different countries (UK brokers don't accept US clients and so fourth). Would it be best to establish a limited liability partnership in a country that is a tax haven like BVI, Cayman Islands, etc. Then have investors send money to the LLP and then the LLP can trade the money from one account? Thanks for all the input.