Right off the bat you have a problem: a club doesn't involve people giving you their money to invest. A club is managed by ALL the partners. What you are suggesting is simply a form of hedge fund. In that case, your first step would ...
I would keep the records for at least four years after the due date of the club's final tax return, possibly longer. My logic is as follows: Generally the IRS has three years to audit a return starting from the latter of the due date ...
Once a club disbands, how long should the club info (financial records etc) be retained? are their IRS requirements/rules that must be followed? Thanks in advance.
Hello all, Our club has decided to more actively manage our account. We originally were very buy-and-hold oriented, but decided that we would set stop-loss order limits on all our stocks. We also agreed to begin selling portions of our well-performing stocks, so we wouldn't ...
I'm not an accountant but serve as Treasurer of our investment club. (Thank goodness for Bivio!) I'd appreciate some help/advice. Our club had a member terminate in October. I ran both a Member Summary Report and a Member Performance Report (to double-check her market value ...
I am considering ask my Investment club to purchase DRIPS. How can you track DRIPS? We use AccountSync which is linked to our brokage account but how do you track DRIPS using Bivio and how do you enter dividends that gets re-invested?
Bivio requires me to have a valuation date no later than the transaction date. This is contrary to what I'm trying to do. For example, if I have a member pay a week ahead of the monthly meeting, I'd prefer their Valuation in the club ...
We do allow if three conditions are met> 1) Member must give absent notice prior to meeting to secretary. 2) There must be an issue that is scheduled for an upcoming vote. 3) Member payment needs to be present at time of meeting. A normal ...
Are there any clubs in Skagit County in Washington State looking for new members? I've started and belonged to clubs in other states, but have moved and am looking for a new club.
Thank you Lynn, I would agree the minutes to detail attendance. Yet, it was suggest that we ask the question of other groups that might have another tool. Thanks again Michelle On Fri 11/01, Garbagecop wrote: From: Garbagecop [mailto: garbagecop@foxinternet.net] To: club_cafe@bivio.com Date: Fri, 1 ...
We had some legal help in drawing up our partnership agreement. We have it in two sections with the membership roster being an addendum to the partnership agreement. The agreement itself speaks to the framework of the club including the procedures for participation, dues, entry ...
We have an "additional members" agreement which is signed. This agreement states that (1) the new members have satisfied the club's requirements for membership, (2) wish to join the club, and (3) have been approved by the club. It further includes by reference the original ...
When admitting a new member, what's to be done regarding the original partnertship agreement. Should this be changed to include the new members name and a new date, and then re-signed, or should an amendment be made, signed and included with the original agreement? Thanks.