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how does one start an investing club (as a company)?
+1 for noting that you are in it for the long haul. I also think this is a great project and activity to do with friends.  Setting up and start-up investment company could be done as a simple LLC.  The decision making process can be decided among the members -- if you want to defer to the others then so be it. Make it flexible so that you can change your mind in the future.  If this is not intended to be a source of revenue or income for you (note your "in it for the long haul") One way of sourcing the capital and managing the resulting taxes you might want to consider is setting up a self-directed retirement account and making the investment from there. proceeds as you and your friends choose to take them would flow back into the retirement account.   As with most investment and tax related questions we should all take the little extra time and money to follow up on internet-based advice  with your own lawyer, investment adviser and accountant. These licensed individuals when under contract assume a degree of responsibility for their answer which is not available online. :)