Legal Question in Business Law in Florida

my family and I which consists of my uncles, aunts, and their children wants to pull money together together in order to start investing together. My problem is however this sounds like a hedge fund which only allows qualified investors to invest, which none of my family members will be able to meet this criteria. My question(s) are:

1 would I have to be registered as in investment adviser to receive compensation for running the company

2 what legal structure would this fit best as

3 is this even possible without being a hedge fund

4 can your service meet provide the paper work for this set up

any help would be thanked,


Asked on 5/12/11, 12:57 pm

1 Answer from Attorneys
Kevin B. Murphy Franchise Foundations, APC

As a Franchise Attorney I can only say the following. Your questions involve complex areas of securities law, corporate law, etc. This is a bulletin board for attorneys to answer a simple legal question, not write a dissertation after researching legal issues. That's what we get paid to do. Consult with a good business or franchise attorney in your area for specific advice.

Mr. Franchise - Kevin B. Murphy, B.S., M.B.A., J.D.

Franchise Foundations, a Professional Corporation

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Answered on 5/13/11, 6:12 am


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