Starting A Club
Industry observers recommend prospective members adhere to these guidelines:
- Consult a tax adviser on the taxation implications of the club's selected legal structure
- Establish an investment mission, policy and goals before investing
- Draw up a written operating agreement covering asset management rules and membership changes
Read more about this topic: Investment Club
Famous quotes containing the words starting and/or club:
“Down went the owners—greedy men whom hope of gain allured:
Oh, dry the starting tear, for they were heavily insured.”
—Sir William Schwenck Gilbert (1836–1911)
“The creation of “strong-minded” women, so-called, is due to the individualism of men, to the modern selfish and speculative spirit which absorbs everything within itself and leaves women nothing but self-assertion for their protection and support.”
—“Jennie June” Croly 1829–1901, U.S. founder of the woman’s club movement, journalist, author, editor. Demorest’s Illustrated Monthly and Mirror of Fashions, p. 44 (February 1870)