The other day I had a potential customer ask me if he could use bivio for a "club" that might have more than 2000 members.

Every once and a while, we get questions like this. There are lots of different types of partnerships that might invest in stocks. However, not all of them can be considered investment clubs in the eyes of the SEC. If they are not, the rules for setting them up can get much more complicated and you'll probably need something more comprehensive than bivio to do your accounting and prepare your tax returns.

Here's a good summary of some of the sorts of issues someone in that category might run into:

http://www.krtcpas.com/investment-strategies.php?item=88&catid=28&cat=Investment%20Clubs:%20What%20You%20Need%20To%20Know

Take note that if you have any questions at all about what you are doing, they recommend you consult with an attorney who is knowledgeable in securities laws in your state. We'd strongly support that.

Laurie Frederiksen
Invest with your friends!
www.bivio.com

Become our Facebook friend! www.facebook.com/bivio
Follow us on twitter! www.twitter.com/bivio


Click here to Subscribe to the Club Cafe email list. Click here to Unsubscribe