sample agreement docs for incorporated LLC or LP club
Investment clubs do not conduct business nor deal in products nor services. They just invest so there is no need to worry about liability, other than fraud committed by a partner.
An LLC or LLP would subject the club to additional fees paid yearly to the state. Why would you want that expense?
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-------- Original message --------
From: raka maka
To: club_cafe@bivio.com
Subject: [club_cafe] sample agreement docs for incorporated LLC or LP club
Most of investment clubs are structured as unregistered partnerships.
I would like to put my club as incorporated LLC or LP(limited partners).
Where can i find sample agreement or membership agreements suitable specifically for LLC or LP type of investment Clubs?
Any particular changes should I make to roles as manager,treasurer, general partner, limited partners and unequal profit sharing when establishing club as LLC or LP?
Brokerages needs LLC agreements for opening accounts..
Thanks
