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:
“He will be starting pretty late.
He’ll find that Asiatic state
Is about tired of being looted
While having its beliefs disputed.”
—Robert Frost (1874–1963)
“Please accept my resignation. I don’t care to belong to any club that will have me as a member.”
—Groucho Marx (1895–1977)