Can some one guide us where to find a good Lawyer to draft us a comprehensive Investment Club Constitution? As I stated in my previous post "New members and leaving members" we are now ready to start investing in the real estate but we need an experianced lawyer not only to draft but also guide us into making a good cosntitution covering all difficult areas..Pliz help.

Emptyhand ...I remember your post:-

Posted: Monday, May 31, 2010 12:05:02 PM
@kyukkamba, u will to understand NAV, i have copy pasted below a simple explanation. U will need to operate an investment company and run it like a mutual fund i.e. the way unit trusts operate.

"Net asset value is most commonly used in the context of open-ended funds. Shares and interests in such funds are not traded between investors, but are issued by the fund to each new investor and redeemed back to the fund when an investor withdraws. A fund will issue and redeem shares and interests at a price calculated by reference to the NAV of the fund, with the intention that new investors receive a fair proportion of the fund and redeeming investors receive a fair proportion of the fund's value in cash."

Where did u copy paste this from? Can you provide a link? I need to study the whole concept it looks very interesting. I wish I was awake the first time u posted it..pole.

I don't see any problem in the future sababu ours is a full contribution at the start (1M Each)na baadae hakuna kitu...Ni kugojea matunda after 5 Years to 10 years..etc.