Can you buy into a business partnership if you are on SSDI?

Question

I'm trying to design a co op that homeless/ low income people can join.

Answer 1

make it some kind of corporation or LLC or nonprofit organization.

DO NOT make it a partnership because if anybody gets sued in a partnership, the rest of the partners are financially on the hook. The risk that someone in the group gets nailed for a financial mistake in that group of people is too high and their ability to live up to partnership financial requirements is so low, you could be paying lawyers instead of helping each other.

Your intent is good, but the way you are talking about organizing it is a bad move financially for anybody involved.

My understanding is that people on SSDI are limited to the dollar value of their assets. It used to be a $2000.00 cap, but my information may be outdated.

Answer 2

You can do anything on SSDI other than what SSDI restricts you from doing. I doubt they can control you so much that they keep you from investing.