Disbanding a club question
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Disbanding a club question When I asked to step down as treasurer, no member raised their hand and said "Yippee, I'll do it." So we voted to disband. Everything was sold 11/2/2012. We didn't follow the bylaws exactly but previous withdrawals have been done on a month end price. What is the best date October 31 or Nov 2? I want to complete the withdrawals by Dec 31. Thanks, Carol Concord Area Stockholders Dear Carol, We are sorry to hear that. I guess they didn't realize that with bivio, being the treasurer is the easiest job in the club. :) To finalize your payouts, you'll want to value everything on a date when you know all your club business has settled. This includes waiting for any dividends you might yet receive because you owned one of the stocks you just sold on the ex-dividend date. You can find out if you've got any coming by looking up your stocks at www.dividendinvestor.com You can find the steps you should follow to close out your club correctly listed here: https://www.bivio.com/site-help/bp/Disbanding_A_Partnership_Help We have really appreciated your business and we hope to be able to help you again sometime in the future. Best of luck to you all! Thank you for using bivio! Laurie Frederiksen Become our Facebook Friend! www.facebook.com/bivio |
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