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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.