IraS1@aol.com wrote:
> In a message dated 6/16/2004 6:02:39 PM Eastern Daylight Time,
> sdenman@bivio.com writes:
> We are
> terminating our partnership and whem doing the withdrawal reports (we have
> sold all holdings and will be issuing cash) I noticed the althrough I used the
> same valuation date for all members the unit value was different for each
> member. Also I ran a vaulation report using the same date and the value was
> different from any member. Could you please explain why ( I know some member
> is going to ask since many are married)?
>
>
> In all likelihood you are charging a withdrawal fee. You should not charge
> a withdrawal fee on the dissolution of a club. You will have to delete all
> the withdrawals and re-enter them.
>  
> If that's not the case, ask again.
>  
> Ira Smilovitz
Correct, charged each member a $10 withdrawal fee. We need to keep some money in the account to cover future expenses, such as Bivio for 2004 tax reports, mailings of tax forms, etc. How can this be handled?