Myself , my wife my son, Can we pool $ 50k to invest in bank cds via a limited partnership.

Question

Myself , my wife & my son, Can we pool $ 50k to invest in bank cds via a limited partnership.

Answer

It would be much easier to have your tax and business lawyer set-up a Limited Liability Company. This way, all three of you can make investment decisions. Because the amount of money is small, and you are investing in non-liability producing assets, you may want to just have them in joint names.

I hope this helps!

Ron Cappuccio

856 665-2121

www.taxesq.com