>>We have a member who is withdrawing and we want to pay her off in two or three payments. She will be getting cash and we don't want to sell any of our stocks. How do I handle this in the withdrawl page, where it ...
We have a member who is withdrawing and we want to pay her off in two or three payments. She will be getting cash and we don't want to sell any of our stocks. How do I handle this in the withdrawl page, where it ...
We had a member withdraw who did not cash her withdrawal check. The funds were returned to our brokerage account after a year. How do we record this in Bivio? Is this something for a suspense account? The former member has since moved across the ...
Do NOT do this!!! You are looking for trouble. Any beneficiary designation will not be binding on the partnership and any attempt by the partnership to follow the instructions of such a designation may open the partnership to a suit from the executor of the ...
As long as you have at least two members, you can still maintain your club. What you are probably referring to is the rule that if more than 50% of the ownership interest in a partnership is sold or transferred within a year, the partnership ...
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You are dealing with what is known as an escheatment issue. If you hold an asset that does not belong to you (the former partner's investment value), the value eventually must be transferred to the State. This is a common issue in business where a ...
Do any of you guys have a beneficiary form completed by each partner. My club is considering having each partner complete a beneficiary form and let the secretary keep this on file. We will also scan these documents into a computer. I was thinking of ...
Hi all, The club I'm in has been doing some research into various online brokers. Currently we use Etrade which provides checking, but is rather costly at 19.99+ per trade. However in looking to switch, we've found there would be some problems as it seems ...
If a member joined a full year after the original members why is their airr higher? They own a lower % of the portfolio. Is this because stock purchased since their joining are doing better than the original stocks? How does this happen? Thank you.
Can the valuation date for converting member payments into club units be changed? In other words, If we have established a valuation date for our club as the first of the month; can we change this and make the valuation date the day the transaction ...
Right now you are boxed in by your partnership agreement and you must follow it or change it. I have a strong philosophical disagreement with your agreement. A club is not "entitled" to regular dues from its members. If a member contributes money s/he gets ...
Our Club formed in January '03. We started with Bivio in May, Lost a member in June, and bought our first stocks at the end of June. Our problem is this: We were entering member contributions for the time of Jan - June without having ...