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Non Monthly Treasurer Tasks Presentation and Recording
Hi Judy, Yes.A You can find a copy of the presentation and a recording posted here: Non Monthly Treasurer Tasks On Mon, Jun 2, 2014 at 1:10 PM, Judy Tallman wrote: Laurie, Is the Sunday session posted where I can print am copy of the ...
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Is there a special tax form when disbanding a club?
We're disbanding after 17 years. No sympathies needed, we're all good with it. Your excellent advice says "The ability to prepare partial year returns is made available sometime in May" but I don't see any special procedure to follow. Do I just use the regular ...
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Is there a special tax form when disbanding a club?
If you filed a general partnership some counties require that you file a termination paper which usually is associated with a fee. I think you also have to file a 1065K and check the box final or terminal. You can and should complete the K-1's. ...
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signing brokerage application form
When investment club opens brokerage account as general partnership, some brokerages asks to sign brokerage application and agreement by ALL members. That's ok at beginning. But if a new member joins later on, they ask again to sign form by all member including new one. ...
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units and contribution
In unit based system at beginning person A contribute $200 to get 10 units. After six months of growth in stocks value of those unit become $250 or $25 per unit. Now person A want to add $500 more as capital contribution. Should he get ...
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Unfair taxation of mutual fund investor (and IC)?
Read about unfair taxation in mutual funds. This can very well happen to Investment club also when some member withdraw money. Club as collective efforts is very similar to MF. http://online.wsj.com/news/articles/SB10001424052702303393804579311062915642246 http://www.marketwatch.com/story/tax-law-is-unfair-to-mutual-fund-investors-2010-03-28
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Is a Withdrawal an Investment Club Expense?
Don't forget,A you have an opportunity this Sunday evening to participate in a live webinar discussing the answer to this and other mysteries your investment club treasurer only needs to address every now and then. Since you don't have to handle them regularly, it is ...
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An Interesting Way to Think About How Your Investment Club is Doing
If the swings in stock prices scare your investment club, maybe it's time to think about how you're doing in a little different way.A This perspective from Morgan Housel is interesting to think about: The Only Daily Market Update Worth Paying Attention To Laurie Frederiksen ...
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Bankruptcy
Sometimes you'll own stock in a company which files for bankruptcy.A A recent example is Patriot Coal.A It's original ticker was PCX.A Some of you may have received shares when it was spun off from Peabody Energy (BTU) in 2007. In 2012, Patriot Coal filed ...
3 messages
Private Investment Club?
Please correct me. I assume by default Investment Club is a public company if it is seeking a membership. or is it a "private investment company" as per SEC definition? Is it possible to register my XYZ investment club as XYZ Private Investment Company? I ...
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Final Distributions
I just finished doing the final distributions for closing out our club.A However, the amounts to be distributed and the amounts that actually posted when I did the final withdrawals are off by $.01.A Riggsa€(TM) distribution from the bank account is $.01 more than her ...
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Un-accounted for deposit
We do our monthly investments using electronic funds transfer into our club checking account at Comerica bank. We received a deposit in mid April for $130.76 that we can't tie to any partner. We've asked the bank to research it. They can't find any information ...
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Monthly Treasurer Tasks
Doing a quick reconciliation each month and checking your cost basis when you sell a stock are two of the most important treasurers tasks. These are two of the topics we'll be discussing this Sunday evening in our webinar describing how to perform your "Monthly ...
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sample agreement docs for incorporated LLC or LP club
Investment clubs do not conduct business nor deal in products nor services. They just invest so there is no need to worry about liability, other than fraud committed by a partner. An LLC or LLP would subject the club to additional fees paid yearly to ...
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Sample agreement docs for LLC or LP type Club
Most of investment clubs are structured as unregistered partnerships. I would like to put my club as incorporated LLC or LP(limited partners). Where can i find sample agreement or membership agreements suitable specifically for LLC or LP type of investment Clubs? Any particular changes should ...
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