Hi,

I have members who will join the club from VA, NJ, and NY.

I read in the "Investment Club for Dummies" book that NY and
Missouri requires annual filing of tax along with
registering the club, more restrictive than other states.
This book recommends to register the club in the more
restrictive state in order to prevent doubling the paper
work.

I live in VA. Should I take their recommendation and
register the club in NY? Or do I need to find out more and
learn about this issue? Also, does bivio auto-create
necessary tax forms for NY members? I heard that NY
requires additional tax forms. How about VA and NJ?

Thank you for your help,
richard