buying out withdrawing member
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buying out withdrawing member We had a member withdraw from the club. Instead of selling stock to pay her out, we decided to buy her shares. All but one of us are spending a set amount and the balance will come from cash in our account. What is the best way to do this to avoid a tax event for all members? How do I do this in the accounting section? What are the steps I need to do as treasurer? Thanks..... |
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