We have everyone make out 4 checks once a year - one for each quarter. They leave them undated because a few times we have decided to deposit early. Members have been great about trying to make my job easier as they recognize how much work I put into being treasurer.

As treasurer, I send out emails reminding everyone of the date the checks are being sent for deposit.

One member was reluctant to give four checks at one time. I was willing to be flexible. I figured tracking one member was easier than tracking many but after having to track her down a few times, she decided to join in giving 4 checks.

Checks are made out to broker.

Works great for us - especially me, the treasurer. No need for penalties, shaming or anything negative.

Marlene

-- Sent from my Palm Pre

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On Nov 5, 2010 12:33 PM, Johnny Duncan <duncanjohnny@bivio.com> wrote:

Greetings,

We are having a constant problem of getting members to pay
on time. We collect quarterly and have to chase down the
same two members every quarter. How do you handle these
situations if you ever encounter them and is it wise to
include penalties as an amendment in the partnership
agreement or by-laws?

Thanks for your input!

Johnny