Investment Club PLR Autoresponder Email Series

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Part 1- What Is An Investment Club? – (277 Words)
Part 2- Starting An Investment Club – (291 Words)
Part 3- Paperwork Needed For An Investment Club – (334 Words)
Part 4- Rules And Philosophy For Your Investment Club – (314 Words)
Part 5- Tips For Starting Your Investment Club – (281 Words)

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When starting an investment club, you will need to fill out some paperwork. An investment club is a business, so you will need to file papers as a business. You can download forms to get the employer identification number you need online. Also, you will need either a partnership agreement or articles of incorporation in order to open a brokerage account or a business bank account. You might also need to file papers with your local county clerk or city hall as a business – rules about this vary by area.

Your club will need its own by-laws or operating agreement. This agreement, which every member should read, sign, and have their own copy of, should be drawn up by all the members and should include ways to handle most contingencies. The operating agreement should include information about what positions the club is going to have, and how people will be selected for those positions (take turns? Elections?). It should also have information about how much money the members have contributed and how much money each member will be contributing monthly, as well as how new members will be incorporated. There may need to be a budget in the operating agreement, or the budget itself might be another document.

The operating agreement is an important document, as it will form the basis of how to deal with many situations, such as including provisions for what happens if one member needs to withdraw their assets from the club’s portfolio.

Each individual member will need to deal with taxes gained on their own tax forms. As a partnership, the investment club is not responsible for taxes, but rather, each member needs to claim their share of any capital gains on their taxes. Talking with an accountant prior to joining the club may be useful for some members, in order to make sure that their taxes will not become extremely complicated.