It can certainly be done and there are no special permits required. I would
caution you from the contract law statutes that are in place regarding
contract arrangements with minors. Any person under the age of 18 can walk
away from a contract without any penalty. Minors are usually not 'liable'
for their actions and you just need to factor that in.
If you are set up as a partnership, I would do some investigation as to
partnership status for minors in your state as there are variances in state
statutes.

One example that comes to mind would be in whether to have the minor sign
your partnership agreement: even with his/her signature the minor does not
have any legal duty to abide by the terms and conditions contained in your
agreement.



-----Original Message-----
From: Timothy Baumann [mailto:baumannte@bivio.com]
Sent: Friday, February 14, 2003 6:48 PM
To: club_cafe@bivio.com
Subject: club_cafe: children as members


Does anyone know if children under the age of 18 can be
official members of an investment club? If so how does one
go about doing this legally? Does anyone have samples of
permission slips or whatever it takes. Thanks