A member of our club wants to withdraw, and I want to
purchase her shares. How is this transaction accomplished?
It appears that the withdrawal process requires the club to
distribute the shares equally among members and distribute
money to the withddrawing member. What is the process here?
Welma

Welma Horn wrote:
> A member of our club wants to withdraw, and I want to
> purchase her shares. How is this transaction accomplished?
 
To buy-out a member, first record a full withdrawal for the
member. Then record a payment for the same amount for the member who
is purchasing the old member's units using the same valuation date.
 
Also, there are several good articles on the site dealing with
withdrawals. Search for "withdraw":
 
https://www.bivio.com/pub/search?s=withdraw
 
Paul Moeller
bivio Inc.