Tip on starting up an investment club/fund?
Hey guys, currently in the process of starting up an investment fund/club with a bunch of my buddies from my university. I am new to this,but I thought it would be a good idea to start one up and be familiar with the markets, etc. Each member would pool in money and use our capital to invest in the markets and so on through a formal process of course (stock pitches and voting, etc)
What are the legalities in starting one up? We already have a broker under Questrade. We have also done a constitution with every member's signatures and witnessed by a legal entity for safety purposes. However, do you guys feel that it is mandatory or important to set ourselves up as a legal partnership (E.g. LLC) under the provincial government? Note: I am currently studying out in Ontario, so I would be registering in Ontario
What legal restrictions would I be facing in starting an investment club?
Moreover, do you guys have any other tips or suggestions in starting up this club/fund?
Thanks in advance. Any advice would be appreciated!
__________________ Quote:
Originally Posted by !Aznboi128 me: can I tap that
her: why are all guys asking the same f**king question?
me: i uno.... so can I tap that
her: stfu you got a gf
me: tap together?
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