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I currently have a shared account with my dad with just a cloned copy of the private key and I would like to setup a multi-signature account with him. I'm trying to do this with Mycelium, but I can't seem to figure out how to do it.

My main goal is to be alerted if he spends from the account and I would have to approve of it first and vice versa. When he spends from the account does my wallet get alerted? How does it work on a mobile app?

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Mycelium does not yet offer that feature:

https://www.reddit.com/r/Bitcoin/comments/41hzan/is_there_a_way_to_sign_a_multisig_transaction/

There are some mobile wallets that offer multisig now: https://bitcoin.org/en/choose-your-wallet

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I do recommend Copay wallet as it is open source & multiplatform wallet. You can even rebrand that wallet for your company.

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