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:
“But even at the starting post, all sleek and new,
I saw the wildness in her and I thought
A vision of terror that it must live through
Had shattered her soul.”
—William Butler Yeats (1865–1939)
“The barriers of conventionality have been raised so high, and so strangely cemented by long existence, that the only hope of overthrowing them exists in the union of numbers linked together by common opinion and effort ... the united watchword of thousands would strike at the foundation of the false system and annihilate it.”
—Mme. Ellen Louise Demorest 1824–1898, U.S. women’s magazine editor and woman’s club movement pioneer. Demorest’s Illustrated Monthly and Mirror of Fashions, p. 203 (January 1870)