What is the best way to buy out the shares of a withdrawing member. We would rather do this than sell any of our stock. Any advice would be great! Thanks
In a message dated 4/1/2007 3:32:24 P.M. Eastern Daylight Time, itssuerb@bivio.com writes: What is the best way to buy out the shares of a withdrawing member. We would rather do this than sell any of our stock. Any advice would be great! You don't "buy ...
Is there a way to generate a transaction ledger in chronological order for a specified period of time, other than a year, that is not broken down by cash account, investments, members, etc.? I like to pint of copy of each month's ledger and staple ...
In starting our club, we need to decide about setting valuation dates. Floating valuation dates are easier with AccountSync, but there are two problems I see - one minor, the other major. Minor - deposits made at different times in the same month may buy ...
Just getting the hang of being treasurer. Let's say we institute a penalty fee for a late payment. John Doe is late with a payment and we charge him $20. He writes a check and it is recorded as a fee into the Brokerage account ...
In a message dated 3/28/2007 1:08:53 P.M. Eastern Daylight Time, vish_ram@bivio.com writes: my general partnership has invested in shares of SGU, SGU itself is a partnership and we got the K-1. How do I use the SGU's K-1? Should I enter the details of SGU's ...
Hi my general partnership has invested in shares of SGU, SGU itself is a partnership and we got the K-1. How do I use the SGU's K-1? Should I enter the details of SGU's K-1 in 1065? How will the club member's K-1 be affected? ...
Hello, We had couple of members leave the partnership and received cash distribution. The distribution received by each member was greater than the initial investment they made, which means that it was a capital gain. Where should the member report this gain (short-term since partners ...
In a message dated 3/25/2007 4:01:13 P.M. Eastern Daylight Time, cpapke@mindspring.com writes: We have a member withdrawing next month. Three questions: 1. I understand that we can transfer stock with the signature of one club member, does that member need to have a medallion signature ...
In a message dated 1/18/2007 10:43:36 A.M. Eastern Standard Time, williamsbj@bivio.com writes: I'm in the process of evaluating bivio and myiclub for our clubs online accounting. One neat feature that I like on myiclub that I can't seem to find on bivio is a detail ...
Same as for individuals. You get to determine how much capital gain to report for a specific transaction. However, there are rules that need to be followed. You must notify your broker IN ADVANCE which shares you are selling and you must get confirmation from ...
The following article appeared yesterday in the Business Section of our newspaper: "Often known by its acronym, FIFO, first-in, first-out is how the Internal Revenue Service treats the sale of securities unless you advise them to handle it differently. So, let's say that on every ...
In a message dated 3/24/2007 7:30:03 P.M. Eastern Daylight Time, itssuerb@bivio.com writes: 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 ...
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 ...