Resetting Unit Values
HelpRegister |
Resetting Unit Values Does anyone know how to reset the unit value of a club? We are just starting up and posting contributions (no investments as of yet) and payments among members have not been consistent and the unit values are all over the place. We would like to start fresh with all members equal. Cynthia, they don't have to be equal. What does your bylaws state? Our bylaws say that a member of our club can not own more than 25% of the assets. The minimum monthly deposit should be $30 with no limits, as long as it doesn't surpass the 25% ownership. Now, we have a $20 penalty fee for "no shows" to our monthly meeting, in addition we also imposed a penalty of $5 for using proxies after missing 3 meeting in a year. Also, the last to arrive at the meeting must bring a snack for the next meeting. See, it gets complicated and will be nearly imposible to keed the units of all members equal. That is why Bivio is such a great tool for an investment Club, it keeps track of the units, and it is a breeze to do taxes at the end of the year. ----- Original Message ----- From: "Cynthia Hyder" <chyder@bivio.com> To: <club_cafe@bivio.com> Sent: Sunday, September 07, 2003 12:46 AM Subject: club_cafe: Resetting Unit Values > Does anyone know how to reset the unit value of a club? We > are just starting up and posting contributions (no > investments as of yet) and payments among members have not > been consistent and the unit values are all over the place. > We would like to start fresh with all members equal. > Cynthia Hyder writes: > Does anyone know how to reset the unit value of a club? We > are just starting up and posting contributions (no > investments as of yet) and payments among members have not > been consistent and the unit values are all over the place. > We would like to start fresh with all members equal. To add to Ira and Alessandro's posts, I recommend you read our Getting Started Guide: http://www.bivio.com/f/bivio-guide.pdf I can't comment specifically on your account for privacy reasons. However, as I Ira pointed out, expenses affect the unit value. For a more complete discussion, please visit: http://www.bivio.com/trez_talk/mail-msg?t=1839900003 We can give you specific advice about your account if you contact support@bivio.com. Cheers, Rob |
|