You do NOT want to do what you have proposed below. If you make ANY distribution to a member in 2005, you will have to file a complete set of 2005 tax returns and K-1s. There is no minimum amount of income which a partnership ...
Is there anyway to dissolve a club, divide any proceeds and do all the tax filing requirements before 1/01/2005? I would like to hand all the members their money and the 2004 tax forms at the same time.
Getting very irritated at the moment. We've just purchased ome shares (425 of them at $2.31 ea.). When I try to make the entry into investments I get this error message :- "Option shares must be a multiple of 100" I've never had this before. ...
We have a very "legalistic" agreement which I have redacted and included below. Ira Smilovitz Additional Members' Agreement This Additional Members' Agreement (this "Agreement") is entered into this [date], by and among [club], with an address at [address] and [new member(s)], an individual(s) with an ...
That is good news! Option support, that is a great idea. Keep up the good work. Chicago Megabuck Club Original Message From: club_cafe-owner@bivio.com [mailto:club_cafe-owner@bivio.com] On Behalf Of Rob Nagler Sent: Monday, September 13, 2004 9:13 AM To: The Club Cafe Subject: Re: club_cafe: Option Shares ...
> > From: "Steve Schweitzer" <steveschweitzer@comcast.net> > Date: 2004/09/09 Thu PM 07:22:12 EDT > To: "Bivio Club Cafe" <club_cafe@bivio.com> > Subject: club_cafe: Re: club accounting - Bivio vs. NOCA > > My club had been using NAIC Club Accounting since '96, and last year we ...
It can be done, but it won't be easy. It's too early to know now, but past experience suggests that the tax preparation modules won't be released before December-January depending on how long it takes the IRS to finalize its forms and instructions. You can ...
I have a question regarding new members joining an established club. Is it better to have them sign the orginal partnership agreement or to fill out and sign an application indicating that they have read and agree to abide by the partnership agreement? If an ...
My club had been using NAIC Club Accounting since '96, and last year we looked at both NOCA and Bivio. We initially ended up going with NOCA based on the fact that it was an NAIC supported product , but we found ourselves very frustrated ...
I (and perhaps 2-3 others)am looking to either join an existing club or begin a club in the baltimore area. I would like to attend a few other clubs meetings at a minimum. If anyone is a member of a club in the area, pleases ...
Not really sure how to find fellow local investors so I'll try once again here. I'm looking for maybe 10 US citizens who would like to start a new investment club. Email me if interested. Thinking between 2,000-5,000 initial deposit.
Hello out there. What are the advantages of the Bivio accounting program (which costs $99 a year over NOCA (NAIC Oline club Accounting) which costs $49? ( Clearly, there must be a reason why some clubs switch to Bivio.)
To marcia De Fren Our Club changed to Bivio this year. We feel it is a much better accounting system than the N.A.I.C. program which we were using. Best of all they will do our taxes for us. Lisa Cook Treasurer A.V. Investment Club