| Withdrawals and Your Partnership AgreementIn our treasurers training webinar last night about Non Monthly Treasurers Tasks, we discussed the information you will need from your partnership agreement to enter a withdrawal. It is: 1. Withdrawal valuation date a. What date will you use to establish what the member is ... |
| RE: club_cafe: Problem - Member WithdrawalDear Jay, The point of accounting for a withdrawal this way is to leave the cash in your bivio brokerage records until the check actually clears. This allows you to reconcile easily every month, even if a member takes a long time to cash the ... |
| RE: [club_cafe] Re: Partial WithdrawalsHere is an excerpt from our ByLaws to address this: Section 5. Special Withdrawals.The purpose of the Partnership is to invest for the long-term; therefore, withdrawals of portions of a capital account are discouraged. However, it is acknowledged that special needs may arise, such as ... |
| RE: [club_cafe] Withdrawal FeesOur club charges a minimum fee of $5. We only charge more if our actual costs are more. Original Message From: club_cafe@bivio.com [mailto:club_cafe@bivio.com] On Behalf Of Linda TerHaar Sent: Monday, August 20, 2012 4:10 PM To: club_cafe@bivio.com Subject: Re: [club_cafe] Withdrawal Fees Our club also ... |
| Re: [club_cafe] withdrawal feeHow can a club justify a withdrawal fee that " can amount to a sum of several hundred dollars"? It's the partner's own money and, except for actual costs encountered in effecting the withdrawal, s/he should get it back. This type of fee rewards the ... |
| About Investment Club WithdrawalsWhen a member wants to withdraw some or all of his club account, it is important that you handle this the correct way. There are tax and accounting issues associated with a withdrawal. YOU SHOULD NEVER ENTER A WITHDRAWAL OR TELL A MEMBER WHAT THEY ... |
| RE: [club_cafe] Departing Member, bank xfer and withdrawal procedureThank you very much. It looks like this will be perfect for us. Date: Tue, 5 Apr 2011 09:24:47 -0400 From: laurie@bivio.biz Subject: Re: [club_cafe] Departing Member, bank xfer and withdrawal procedure To: club_cafe@bivio.com Hi Dana, Our suggestion is to create a dummy "suspense" account ... |
| Date of Withdrawal Payment vs. Date of Withdrawal ValuationEllen wrote Our partnership agreement sets the date of withdrawal as the date of the meeting at which the letter of resignation is received and the valuation as the valuation for that meeting. We must pay the withdrawal within 90 days. The check clears through ... |
| Re: club_cafe: language for bylaws on withdrawing membersI don't think you need language like that. You don't want to give members the ability to string out the withdrawal process. Instead I would use language that states something like "the club will process all withdrawals within x days of the withdrawal valuation. Costs ... |
| Re: club_cafe: Withdrawing Member????In a message dated 11/5/2007 10:51:27 A.M. Eastern Standard Time, kwehinger@bivio.com writes: Hi there! We have a member withdrawing from our stock club, however when i look at our member report her stocks are priced at a higher amount than when she wrote her letter ... |
| Member Withdrawal SummaryThe Member Withdrawal Summary is displayed when you click on Reports > Member Withdrawals. The Member Withdrawal Summary provides a listing of all member withdrawals processed by the club and the applicable transaction date, type of withdrawal, and the amount of the payout in either ... |
| Re: [club_cafe] Withdrawal FeesOur club also has changed to limiting the fee to the actual costs for processing the withdrawal, if any. On Mon, Aug 20, 2012 at 4:42 PM, Jim Thomas <jimt075@comcast.net> wrote: > Andy, > > I believe the historical motive for a 3% withdrawal fee ... |
| Partial Versus Full Stock WithdrawalsI'll continue the discussion of stock withdrawals here. As Jack mentioned,A transferring stock in partial withdrawals is not recommended.A The tax rules are different than they are for transfers in full withdrawals where such transfers can provide positive tax benefits. However,A all stock transfers are ... |
| Re: [club_cafe] Paying a withdrawing partnerHopefully, your agreement states what the .5% is based on (amount of the withdrawal or full value of the partnership portfolio?) and states a valuation date and deadline for payment of the withdrawal. With that information, you should have all you need to fill out ... |
| Re: club_cafe: Withdrawing Members and Withdrawal ReportsUnder Accounting>>Reports, there should be an underlined link at the bottom of the screen which says "withdrawal reports." Try clicking on the link. Ira Smilovitz In a message dated 01/23/03 11:47:58 AM Eastern Standard Time, sherryc@bivio.com writes: This is our club's first member withdrawal since ... |