My club which is presently a corporation, which will shortly liquidate, distribute the cash, and start a new LLC using Bivio accounting. Each member will invest $25,000 in the new LLC. What is the recommended value of a unit...$1, $10, $100, or $1,000 ???
 
Arthur Klages
Treasurer

Arthur Klages writes:
> My club which is presently a corporation, which will shortly
> liquidate, distribute the cash, and start a new LLC using Bivio
> accounting. Each member will invest $25,000 in the new LLC. What is
> the recommended value of a unit...$1, $10, $100, or $1,000 ???

The initial value of a unit is not really important on bivio, because
bivio lets members purchase partial units. Our software calculates
units to six decimal places, and preserves the precision by using
ratios internally.

That being said, if you're planning on investing in $1000 increments,
you might want to consider starting off with a $1000 initial unit
value. You can set this value yourself by using opening balances.
Alternatively, support@bivio.com can set the initial unit value for
your club.

Cheers,
Rob