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We seek to contribute equal amounts and have equal say or vote in this set-up. Must we register a company or is there a looser setup which will allow to trade without a hassle?

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Totally wrong approach, none needed. – NetTecture Mar 17 '11 at 13:53
One other piece of advice - find one more friend! Having an even number of people with an equal share is a perfect recipe for a stalemate and arguments in the future! – Chris Roberts Aug 18 '11 at 19:59

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You want to start an investment club. There are thousands of them in the US.

http://en.wikipedia.org/wiki/Investment_club

Google "investment club" and you'll do fine.

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