Hi all,

Myself and a group of 5 close friends are in the early stages of forming a share investment club.
It will begin with a small upfront payment ($500-1000 each perhaps), followed by monthly deposits of approximately $100.

For those of you out there who have been/are involved with a share club, do you have any pearls of wisdom to know when starting out?
Would you recommend starting a company or a trust?
Would you recommend having a constitution or deed drafted, and does anyone have an example deed/constitution available?

Cheers!