Investment group structure?

[Dustin Dummer]

I'm researching the topic of creating an investment group. I'm looking for information on the general structure of the entity (LLC vs Partnership, etc) when including multiple investors with a designated investment manager; investment capital structure (who's in for what and how profits are payed out); if you have one primary partner doing the management would there be "reasonable" fee from the profits of purchase; and anything else anyone wants to contribute. I've seen replies by @ j scott to other posts but I have not seen anything thorough on the topic. Discussions or reference materials would be appreciated. I'd love to hear from members that are currently doing this and how they're structured. Thanks in advance.