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Greetings fellow Fools! I am presently thinking of starting an investment club with several people at my place of employment based on the Dogs. However, I have need of some suggestions on administration. For instance, I have thought of having everyone contribute the same amount every month so that each would have equal interest in the club, but how would you determine someone's interest who, shall we say, joins 6 months after the club starts and then withdraws after a year? How does the loverly IRS view clubs? Is there a special filing for them? What about the capitol gains? Are they treated as the club as an entity, or are they charged to each respective member? Any suggestions?
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