I am very interested in forming my own club but i cant seem
to find answers to many questions that will arise in the
time our club exists. For instance, how to account for a
partner w/drawing, adding a new partner and the tax papers
needed to file both for the p'ship and individually. Is
there somewhere on this site (which i couldnt find) or other
sites that will give me this information?

mike wrote:
> I am very interested in forming my own club but i cant seem
> to find answers to many questions that will arise in the
> time our club exists. For instance, how to account for a
> partner w/drawing, adding a new partner and the tax papers
> needed to file both for the p'ship and individually. Is
> there somewhere on this site (which i couldnt find) or other
> sites that will give me this information?
 
 
Mike,
This site, www.bivio.com, is the most useful that our club has found. We started using the NAIC software 4 years ago, but switched to bivio about 2 years ago because of its ease of use. From automatic account reconciliations to VERY FAST customer service, we have been VERY pleased! Most of your questions can be answered by searching through the club cafe room. Also, bivio provides some very interesting startup points from a link on the home page.
If you form a club, you will be glad you used bivio. Also, you can always imput questions into the club cafe area, and almost always receive many useful answers!
 
If you do form a club, I would be pleased if you were to use us as a reference. We would love the "bivio bucks". CLUB ID: Rapid_Investments.
 
Thanks and good luck!

mike wrote:
> I am very interested in forming my own club but i cant seem
> to find answers to many questions that will arise in the
> time our club exists. For instance, how to account for a
> partner w/drawing, adding a new partner and the tax papers
> needed to file both for the p'ship and individually. Is
> there somewhere on this site (which i couldnt find) or other
> sites that will give me this information?

The best site that I can think of would be the NAIC web
site, www.better-investing.org

They have everything you need to know about starting and
running investment clubs.

Ira Smilovitz
Lakshmi Investments, LLC

Ira Smilovitz wrote:
> mike wrote:
> > I am very interested in forming my own club but i cant seem
> > to find answers to many questions that will arise in the
> > time our club exists. For instance, how to account for a
> > partner w/drawing, adding a new partner and the tax papers
> > needed to file both for the p'ship and individually. Is
> > there somewhere on this site (which i couldnt find) or other
> > sites that will give me this information?
>
> The best site that I can think of would be the NAIC web
> site, www.better-investing.org
>
> They have everything you need to know about starting and
> running investment clubs.
>
> Ira Smilovitz
> Lakshmi Investments, LLC
 Here is a web site that might help you out !
http://www.geocities.com/garbagecop/
There is alot of good info on it.