I would like to create an investment club with 10 or less people that I know. I am curious around how to do it, if there are legal ramifications, the reccomended contribution amounts, how to draft a charter and bylaws, etc. I am setting this thing up from scratch.
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How Do You Start An Investment Club?
admin
nan_seat 11:22 pm on January 30, 2010 Permalink
Check out the NAIC website, at http://www.betterinvesting.org/about/ . The National Association of Investors Corp has information about how to set up an Investment Club.
Also, the Securities Exchange Commission (SEC) directs you to the NAIC site: see http://www.sec.gov/answers/clubs.htm
You may also want to check out: http://www.wildcapital.com/starting_club… . There you can get some ideas as to how to organize your club, and establish the rules (bylaws).
Best of Luck!
Ms_info 2:20 am on January 31, 2010 Permalink
Starting an investment club is such a wonderful experience. In a nutshell, the steps you nee dto follow are:
1 – find a group of people who are interested in being a part of the investment club
2 – Set up a meeting with these people to decide how the club is going to be run, what is the frequency of the club meetings, how much money will be invested, etc..
3 – Elect officers
4 – Set up a business entity
5 – register the entity and apply for a tax id #
6 – decide on a broker
7 – Start ainvesting!
You can find more info at:http://www.investmentclubhelp.com