Dissolving an Investment Club

cw8choc on

Thank you! That's some of the information I was looking for on Bivio but hadn't been able to find. Thanks for pointing me to it.

----- Original Message -----
From: John Rice <rice.j1969@att.net>
To: club cafe <club_cafe@bivio.com>
Sent: Wed, 22 Mar 2017 12:15:00 -0400 (EDT)
Subject: Re: [club_cafe] Dissolving an Investment Club

Also, here are instructions from the help section in Bivio for disbanding a club.

Disbanding Your Investment Club - bivio Investment Clubs

On Wednesday, March 22, 2017 8:56 AM, "cw8choc@mchsi.com" <cw8choc@mchsi.com> wrote:

Thanks for the input - I'll bring up that idea to the members.

----- Original Message -----
From: John Rice <rice.j1969@att.net>
To: club cafe <club_cafe@bivio.com>
Sent: Wed, 22 Mar 2017 11:16:18 -0400 (EDT)
Subject: Re: [club_cafe] Dissolving an Investment Club

Don't sell all of your stocks. Have each member open a broker account if they don't have one and transfer shares of stock. Sell enough stock to have enough cash to pay the members the residual amount owed to them. When the members receive their stock they have the decision on whether to sell them themselves or keep them.

John Rice

On Wednesday, March 22, 2017 7:23 AM, Claudia Wood <cw8choc@mchsi.com> wrote:

Our small club has decided it's time to disband. I just
renewed our Bivio subscription so that I can have it for
doing 2017 tax returns & K-1 forms.

Does anyone have any advice on regulations regarding
dissolving our club? We're a partnership and I'm not sure
the best way to end the partnership.

What are the possible tax implications to the individual
members as we sell all of our stocks?

Thanks for any advice you can give me.

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