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Create a Legal Entity
General information and steps to create a legal entity for your investment club are outlined here.
This overview is provided for informational purposes only, and is not intended to constitute legal, financial, tax, or other advice. You should not act or refrain from acting based on any information in this overview. Please check with your legal and tax advisors to make the best decisions for your specific circumstances.
Here are some FAQs on investment clubs and legal/compliance that could be applicable, depending on your location. These links are provided for informational purposes only, and should not be relied upon.

Do I Need a Legal Entity?

Whether a legal entity is needed for your investment club is ultimately determined by you, the admin(s), and members of the investment club. Syndicate recommends that all investment clubs should consult with their own tax and legal counsel for their particular situation.
Choosing to create a legal entity for an investment club provides a number of important advantages—such as enabling the club to invest in startup equity, helping limit club members' legal and financial liability, supporting tax filings, and empowering clubs with off-chain abilities like opening bank accounts, paying service providers, and more.
You can choose to bring your own legal entity (including non-U.S. entities), or Syndicate can help you create one (see below).

Need Help Creating a Legal Entity?

Syndicate in partnership with doola can help investment clubs create legal entities, either Delaware Master Series LLCs or standalone Delaware LLCs currently (non-U.S. entities are not yet available). If you want help to create a legal entity for your investment club, please fill out this form.
doola's registered agents and application will guide you through the process of formation and getting an Employer Identification Number (EIN) for tax filings if you choose to do so. You can pay doola for its services using a credit or debit card within the above stated form.
If you want to access our example legal documents for customization, please visit this page.