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<p>[QUOTE=&quot;mrbrklyn, post: 260845, member: 4381&quot;]I&#039;ve already had my accountant do this twice before.&nbsp; There is no need for any of those things you mention.&nbsp; Just to say it, there is never any need to ever ever ever form a cooperation for any purpose.&nbsp;&nbsp; There are legal advantages in some cases if you do.&nbsp; You don&#039;t need a tax id to invest or to invest in something or to join in a partnership in order to invest in something, or just to buy something.&nbsp; You don&#039;t need a tax id to conduct business.&nbsp; You don&#039;t need brokerage accounts, your not a brokerage.&nbsp;&nbsp; Your not anything other than a group of people pulling your money to buy something.</p><p><br /></p><p>Thanks for your insight, but factually my accountant and lawyer BOTH said your wrong and in fact the lawyer made some comment about how your lawyers&#039; profitability might be attached to that advise.</p><p><br /></p><p>Mind you, if a lot of money gets involved then more formal legal status will protect people.&nbsp; But my friends in my synagogues&nbsp; have enjoyed being in investment clubs for decades and nobody ever formed a cooperation, although they needed to register a partnership as a business in order to have a name to put on stock certificates.&nbsp; The good thing about coins is that you don&#039;t need to register them.&nbsp; You just need a safe.</p><p>&nbsp;</p><p><br /></p><p>Ruben[/QUOTE]</p><p><br /></p>

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