Our club simply advises new members that their first contribution only
(of $100), while credited to their account , will IAW the Partnership
Agreement be deducted upon their withdrawal plus any other direct
expenses necessitated to liquidate their interest. (I suppose we have
never seen the practical benefit to any member of an initiation fee and
instead believe their required first contribution of the maximum monthly
amount of $100 (otherwise $20 minimum) would be incentive enough to hold
their interest long enough to learn something!)


On Fri, Nov 12, 2010 at 4:38 PM, Wayne Pisanchyn wrote:

> In our club all new members are charged a one time $100.00
> fee upon joining the club. Are there any suggestions on how
> I can take care of the accounting side of this transaction.
> Wayne