Legal Question in Business Law in New Jersey
Myself , my wife & my son, Can we pool $ 50k to invest in bank cds via a limited partnership.
Asked on 10/31/11, 12:07 pm
1 Answer from Attorneys
Ronald Cappuccio
Ronald J. Cappuccio, J.D., LL.M.(Tax)
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
Answered on 10/31/11, 2:55 pm
Related Questions & Answers
-
Can a notary give copy certification on an electronic version of a document. Asked 10/27/11, 11:12 am in United States New Jersey Business Law
-
My son works in a body shop - due to the flooding caused by Hurricane Irene in the... Asked 10/25/11, 9:01 am in United States New Jersey Business Law
-
I am a printing equipment broker in NJ. I recently purchased a printing press from a... Asked 10/17/11, 11:41 am in United States New Jersey Business Law
-
I live in Maplewood nj and i would like to know if it was a law aginst advertising... Asked 10/16/11, 4:48 pm in United States New Jersey Business Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
