i started a investment group about 4 months ago with 3 members and for the past 4 months the money has been sitting in my house not collecting any interest…bad, i know…what do i need to do to make our investment group legal and legit and put my money in a account to start making interest?
If the investors will have a say in how the funds will be invested, then I would a partnership. If not, a corporation would give you greater latitude. I would consult with an attorney who understands the issues involved.