I was wondering, when adding new members, should we as a
club "charge" a new member to enter our club? We, the
original members, had to pay to start the club (lawyer fees,
state treasurer fees and bivio fees). I'm just curious if
anyone else charges a one time fee to join or am I out of
line with my thinking?

Thanks,

Jim

Bear Assets L.L.C.

Jim - We charge new members a $50 fee. We think this is fair due to the
start-up and operational expenses the existing members have already paid.

Kevin Smith
Ohio Investment Klub


-----Original Message-----
From: club_cafe-owner@bivio.com [mailto:club_cafe-owner@bivio.com]On
Behalf Of James J. Fiscus, Jr.
Sent: Wednesday, July 24, 2002 7:57 PM
To: club_cafe@bivio.com
Subject: club_cafe: New Member Fees?


I was wondering, when adding new members, should we as a
club "charge" a new member to enter our club? We, the
original members, had to pay to start the club (lawyer fees,
state treasurer fees and bivio fees). I'm just curious if
anyone else charges a one time fee to join or am I out of
line with my thinking?

Thanks,

Jim

Bear Assets L.L.C.

We, too, charge a new member fee. My only comment is to make
sure that your partnership agreement clearly states that
there is a fee and how much the fee is.

Ira Smilovitz

Kevin Smith wrote:
> Jim - We charge new members a $50 fee. We think this is fair due to the
> start-up and operational expenses the existing members have already paid.
>
> Kevin Smith
> Ohio Investment Klub
>
>
> -----Original Message-----
> From: club_cafe-owner@bivio.com [mailto:club_cafe-owner@bivio.com]On
> Behalf Of James J. Fiscus, Jr.
> Sent: Wednesday, July 24, 2002 7:57 PM
> To: club_cafe@bivio.com
> Subject: club_cafe: New Member Fees?
>
>
> I was wondering, when adding new members, should we as a
> club "charge" a new member to enter our club? We, the
> original members, had to pay to start the club (lawyer fees,
> state treasurer fees and bivio fees). I'm just curious if
> anyone else charges a one time fee to join or am I out of
> line with my thinking?
>
> Thanks,
>
> Jim
>
> Bear Assets L.L.C.

Our club doesn't charge a fee per se, but we do require that
all new members' initial contribution is equal to or greater
than the amount the founding members paid when we started
the club (this is in our Partnership Agreement/Bylaws). We
think this is fair to both the founding members and new
members.

Toya L. Tate
Living & Loving Investment Group

 Every new member invest the same amount as the founding
 members fees included. Also our bylaws make it harder for a
 member of less than two years to leave the club.