Posted by Bill Jacobsen on September 12, 2007 at 08:55:51:
You can set up a partnership with a family member. The only question I would have is the suitability of the investment for your mom. She is going from a very conservative investment to one with a high degree of risk. Once the move is made will her investment portfolio mix still be appropriate for her age and investment goals.?
Bill
can she invest with me? - Posted by Raymond
Posted by Raymond on September 11, 2007 at 22:23:45:
My mom wants to take her money out of a 7 year market fund , pay the penalty, and invest her money with me. I rehab houses. Is there a legal problem with this?
Re: can she invest with me? - Posted by John Merchant
Posted by John Merchant on September 15, 2007 at 14:04:11:
Lots of hard feelings can come from family p’ship like this and to avoid same, I’d steer your mom to a good lawyer to draft a formal p’ship agreement and to help you make sure her business is being well cared for.