[RT] Managing Money

[Levent Erbora <erbora@xxxxxxxxxxxxx>]

What would be the best type of business entity to form for investing and managing a few other people's money?
A limited partnership? A "limited liability corp. (LLC)" maybe? Something else?
What would be the pros & cons for the above?
The number of investors would probably be less than 10, and the funds would mainly be invested/traded in the stock market (no futures/commodities).
Also, what would be the typical or generally accepted fee structure/profit sharing arrangement between the investors and the money manager?

Any and all advise, insights and pointers will be greatly appreciated.

Thanks in advance for your time.

Best regards,

Levent Erbora