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<p>[QUOTE=&quot;basx2, post: 260796, member: 6288&quot;]I have belonged to two investment clubs.&nbsp; One owned stocks the other real estate.&nbsp; Both clubs were registered with the state and were required to form a corporation by submitting &quot;articles of incorporation&quot;, which in effect are the rules by which the organization will be operated.&nbsp; Also, such clubs must obtain a Federal Tax I.D.&nbsp; This is the means by which the club reports earnings (and losses), each member receives an annual K-1 that they must include with their personal tax forms.&nbsp;&nbsp; I don&#039;t understand how an investment club in a subjective investment such as coins would work.&nbsp; The value of stocks are transparent to all members via the brokrage account statements that each member receives.&nbsp; In real estate the club assets are based on appraisal and/or tax value.&nbsp; The numismatic value of coins in an account would be difficult to establish as they are only worth what someone is willing to pay at a given moment.&nbsp; The only apparent quantifiable value would be bullion.&nbsp; Also, who has possession of the club&#039;s assets and what are the responsibilities (liabilities)?&nbsp; </p><p>&nbsp;</p><p>Just my thoughts on this.&nbsp; I&#039;d suggest you do further research first.[/QUOTE]</p><p><br /></p>

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