How do I distribute profits?
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How do I distribute profits? We just sold a portion of our holding of one of our stocks for a profit and all the partners want to withdraw their respective portion of the sale. How is that determined? I don't see in bivio where it shows how much of the sale each partner owns. So how do I know how much to write a check for to each partner? Thanks, Robert robert c nix wrote:
> We just sold a portion of our holding of one of our stocks > for a profit and all the partners want to withdraw their > respective portion of the sale. How is that determined? If the partners want to withdraw their amount from a sale, you can determine the member's percentage ownership by viewing the Member Status report on the stock sale date. https://www.bivio.com/my-club-site/accounting/reports For example, if a stock was sold for $2000, and one member's percentage ownership on the sale date was 10%, enter a partial withdrawal for that member for $200. Paul Moeller bivio, Inc. |
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