Partnership agreement signatures
How do clubs manage current signatures on their PAs? Ours
is out of date and we need one with current signatures to
provide for a new broker.
I was just wondering how you handle that in your club? If
you have to redo all the signatures everytime a member
leaves or joins - that would be onerous. Do you have one
signature page for each member?
Thanks for your collective wisdom.
Kim Potter, Treasurer
BI Brighton Model Investment Club
Brighton MI
is out of date and we need one with current signatures to
provide for a new broker.
I was just wondering how you handle that in your club? If
you have to redo all the signatures everytime a member
leaves or joins - that would be onerous. Do you have one
signature page for each member?
Thanks for your collective wisdom.
Kim Potter, Treasurer
BI Brighton Model Investment Club
Brighton MI
Which brokerage do you use? If you use TDA, they have an easily accessible and cooperative customer service group. You can call or send an email. I have found them very helpful, but I have not asked that question. Like you, we have found all the signatures onerous. However, if you do inquire to them, ask if they will accept a signature page from each member (one per member). It is a lot of paper, but it gets rid of everyone having to sign the same page. Also, do they require a "wet" signature or will they accept an electronic signature? Sometime soon I am going to have to inquire about that, so if you do ask, please share your responses.
Thanks,
Peter Dunkelberger
On Wed, Dec 9, 2020 at 10:32 AM Kimberley A Potter via bivio.com <user*22890200001@bivio.com> wrote:
How do clubs manage current signatures on their PAs? Ours
is out of date and we need one with current signatures to
provide for a new broker.
I was just wondering how you handle that in your club? If
you have to redo all the signatures everytime a member
leaves or joins - that would be onerous. Do you have one
signature page for each member?
Thanks for your collective wisdom.
Kim Potter, Treasurer
BI Brighton Model Investment Club
Brighton MI
We are facing a similar issue. We have new members sign the PA but do not
remove any members from the document when they leave. That prevents us
from having to re-do all the signatures, but I see how that could be an
issue with the broker. We also moved a lot of the operational aspects
(voting rules, officer duties, etc.) to a Bylaws document which make
updating a lot easier without having to redo the PA. The problem we have
now are gaps due to COVID and only meeting virtually. We've talked about
adding a signature in parts as an option, but haven't gone this route:
Execution in Parts. This Agreement may be executed in any number of actual
or electronic copies of counterparts and by each of the different Parties on
several counterparts, each of which when so executed and delivered will be
an original. The executed signature page(s)from each actual or electronic
copy of a counterpart may be joined together and attached and will
constitute one and the same instrument.
Jimmy
James P. Dickerson
polymerguy@yahoo.com
-----Original Message-----
From: club_cafe@bivio.com <club_cafe@bivio.com> On Behalf Of Kimberley A
Potter via bivio.com
Sent: Wednesday, December 09, 2020 10:32 AM
To: club_cafe@bivio.com
Subject: [club_cafe] Partnership agreement signatures
How do clubs manage current signatures on their PAs? Ours is out of date
and we need one with current signatures to provide for a new broker.
I was just wondering how you handle that in your club? If you have to redo
all the signatures everytime a member leaves or joins - that would be
onerous. Do you have one signature page for each member?
Thanks for your collective wisdom.
Kim Potter, Treasurer
BI Brighton Model Investment Club
Brighton MI
remove any members from the document when they leave. That prevents us
from having to re-do all the signatures, but I see how that could be an
issue with the broker. We also moved a lot of the operational aspects
(voting rules, officer duties, etc.) to a Bylaws document which make
updating a lot easier without having to redo the PA. The problem we have
now are gaps due to COVID and only meeting virtually. We've talked about
adding a signature in parts as an option, but haven't gone this route:
Execution in Parts. This Agreement may be executed in any number of actual
or electronic copies of counterparts and by each of the different Parties on
several counterparts, each of which when so executed and delivered will be
an original. The executed signature page(s)from each actual or electronic
copy of a counterpart may be joined together and attached and will
constitute one and the same instrument.
Jimmy
James P. Dickerson
polymerguy@yahoo.com
-----Original Message-----
From: club_cafe@bivio.com <club_cafe@bivio.com> On Behalf Of Kimberley A
Potter via bivio.com
Sent: Wednesday, December 09, 2020 10:32 AM
To: club_cafe@bivio.com
Subject: [club_cafe] Partnership agreement signatures
How do clubs manage current signatures on their PAs? Ours is out of date
and we need one with current signatures to provide for a new broker.
I was just wondering how you handle that in your club? If you have to redo
all the signatures everytime a member leaves or joins - that would be
onerous. Do you have one signature page for each member?
Thanks for your collective wisdom.
Kim Potter, Treasurer
BI Brighton Model Investment Club
Brighton MI
This came up when talking with Fidelity. With their application there is one particular page that each member can sign an individual one.
Sent via the Samsung Galaxy S10, an AT&T 5G Evolution capable smartphone
-------- Original message --------
From: "Peter Dunkelberger via bivio.com" <user*26984900001@bivio.com>
Date: 12/9/20 12:38 PM (GMT-05:00)
To: club_cafe@bivio.com
Subject: Re: [club_cafe] Partnership agreement signatures
Which brokerage do you use? If you use TDA, they have an easily accessible and cooperative customer service group. You can call or send an email. I have found them very helpful, but I have not asked that question. Like you, we have found all the signatures onerous. However, if you do inquire to them, ask if they will accept a signature page from each member (one per member). It is a lot of paper, but it gets rid of everyone having to sign the same page. Also, do they require a "wet" signature or will they accept an electronic signature? Sometime soon I am going to have to inquire about that, so if you do ask, please share your responses.
Thanks,
Peter Dunkelberger
On Wed, Dec 9, 2020 at 10:32 AM Kimberley A Potter via bivio.com <user*22890200001@bivio.com> wrote:
How do clubs manage current signatures on their PAs? Ours
is out of date and we need one with current signatures to
provide for a new broker.
I was just wondering how you handle that in your club? If
you have to redo all the signatures everytime a member
leaves or joins - that would be onerous. Do you have one
signature page for each member?
Thanks for your collective wisdom.
Kim Potter, Treasurer
BI Brighton Model Investment Club
Brighton MI
Thanks. Will double check with the broker we end up going with.
Kim Potter
Sent via the Samsung Galaxy S10, an AT&T 5G Evolution capable smartphone
-------- Original message --------
From: "James P. Dickerson via bivio.com" <user*78700001@bivio.com>
Date: 12/9/20 12:40 PM (GMT-05:00)
To: club_cafe@bivio.com
Subject: RE: [club_cafe] Partnership agreement signatures
remove any members from the document when they leave. That prevents us
from having to re-do all the signatures, but I see how that could be an
issue with the broker. We also moved a lot of the operational aspects
(voting rules, officer duties, etc.) to a Bylaws document which make
updating a lot easier without having to redo the PA. The problem we have
now are gaps due to COVID and only meeting virtually. We've talked about
adding a signature in parts as an option, but haven't gone this route:
Execution in Parts. This Agreement may be executed in any number of actual
or electronic copies of counterparts and by each of the different Parties on
several counterparts, each of which when so executed and delivered will be
an original. The executed signature page(s)from each actual or electronic
copy of a counterpart may be joined together and attached and will
constitute one and the same instrument.
Jimmy
James P. Dickerson
polymerguy@yahoo.com
-----Original Message-----
From: club_cafe@bivio.com <club_cafe@bivio.com> On Behalf Of Kimberley A
Potter via bivio.com
Sent: Wednesday, December 09, 2020 10:32 AM
To: club_cafe@bivio.com
Subject: [club_cafe] Partnership agreement signatures
How do clubs manage current signatures on their PAs? Ours is out of date
and we need one with current signatures to provide for a new broker.
I was just wondering how you handle that in your club? If you have to redo
all the signatures everytime a member leaves or joins - that would be
onerous. Do you have one signature page for each member?
Thanks for your collective wisdom.
Kim Potter, Treasurer
BI Brighton Model Investment Club
Brighton MI
We have a one page signature sheet that states; "I have received a copy of and read the partnership agreement
and By-Laws of the Mutual Investors of Atlanta dated October 8, 2018, as
amended, and agree to its provisions.
NAME of PARTNER: DATE:"
Larry Reno
Director
Georgia Chapter of BetterInvesting
www.betterinvesting.org/chapters/georgia
Good judgement comes from experience. Experience comes from bad judgement--Mark Twain.
Stay positive....Test negative!!
-----Original Message-----
From: byrdshot via bivio.com <user*22890200001@bivio.com>
To: club_cafe@bivio.com
Sent: Wed, Dec 9, 2020 1:06 pm
Subject: RE: [club_cafe] Partnership agreement signatures
From: byrdshot via bivio.com <user*22890200001@bivio.com>
To: club_cafe@bivio.com
Sent: Wed, Dec 9, 2020 1:06 pm
Subject: RE: [club_cafe] Partnership agreement signatures
Thanks. Will double check with the broker we end up going with.
Kim Potter
Sent via the Samsung Galaxy S10, an AT&T 5G Evolution capable smartphone
-------- Original message --------
From: "James P. Dickerson via bivio.com" <user*78700001@bivio.com>
Date: 12/9/20 12:40 PM (GMT-05:00)
To: club_cafe@bivio.com
Subject: RE: [club_cafe] Partnership agreement signatures
We are facing a similar issue. We have new members sign the PA but do not
remove any members from the document when they leave. That prevents us
from having to re-do all the signatures, but I see how that could be an
issue with the broker. We also moved a lot of the operational aspects
(voting rules, officer duties, etc.) to a Bylaws document which make
updating a lot easier without having to redo the PA. The problem we have
now are gaps due to COVID and only meeting virtually. We've talked about
adding a signature in parts as an option, but haven't gone this route:
Execution in Parts. This Agreement may be executed in any number of actual
or electronic copies of counterparts and by each of the different Parties on
several counterparts, each of which when so executed and delivered will be
an original. The executed signature page(s)from each actual or electronic
copy of a counterpart may be joined together and attached and will
constitute one and the same instrument.
Jimmy
James P. Dickerson
polymerguy@yahoo.com
-----Original Message-----
From: club_cafe@bivio.com <club_cafe@bivio.com> On Behalf Of Kimberley A
Potter via bivio.com
Sent: Wednesday, December 09, 2020 10:32 AM
To: club_cafe@bivio.com
Subject: [club_cafe] Partnership agreement signatures
How do clubs manage current signatures on their PAs? Ours is out of date
and we need one with current signatures to provide for a new broker.
I was just wondering how you handle that in your club? If you have to redo
all the signatures everytime a member leaves or joins - that would be
onerous. Do you have one signature page for each member?
Thanks for your collective wisdom.
Kim Potter, Treasurer
BI Brighton Model Investment Club
Brighton MI
remove any members from the document when they leave. That prevents us
from having to re-do all the signatures, but I see how that could be an
issue with the broker. We also moved a lot of the operational aspects
(voting rules, officer duties, etc.) to a Bylaws document which make
updating a lot easier without having to redo the PA. The problem we have
now are gaps due to COVID and only meeting virtually. We've talked about
adding a signature in parts as an option, but haven't gone this route:
Execution in Parts. This Agreement may be executed in any number of actual
or electronic copies of counterparts and by each of the different Parties on
several counterparts, each of which when so executed and delivered will be
an original. The executed signature page(s)from each actual or electronic
copy of a counterpart may be joined together and attached and will
constitute one and the same instrument.
Jimmy
James P. Dickerson
polymerguy@yahoo.com
-----Original Message-----
From: club_cafe@bivio.com <club_cafe@bivio.com> On Behalf Of Kimberley A
Potter via bivio.com
Sent: Wednesday, December 09, 2020 10:32 AM
To: club_cafe@bivio.com
Subject: [club_cafe] Partnership agreement signatures
How do clubs manage current signatures on their PAs? Ours is out of date
and we need one with current signatures to provide for a new broker.
I was just wondering how you handle that in your club? If you have to redo
all the signatures everytime a member leaves or joins - that would be
onerous. Do you have one signature page for each member?
Thanks for your collective wisdom.
Kim Potter, Treasurer
BI Brighton Model Investment Club
Brighton MI
We do something similar as Larry Reno. When a new member joins we have a one page amendment to the PA that is similar to Larry's then when they leave the club they provide me with another page stating that they are making a full withdrawal and leaving the club. We have not changed the original PA since we started in 2008 but have added amendments to it as needed.
John Rice
ABODI Investment Club
We have a one page signature sheet that states; "I have received a copy of and read the partnership agreement and By-Laws of the Mutual Investors of Atlanta dated October 8, 2018, as amended, and agree to its provisions.NAME of PARTNER: DATE:"Then we have the Secretary Certify the signature. We also have other data fields on the page such as address, ssn, telephone, e-mail, etc.
Larry RenoDirectorGeorgia Chapter of BetterInvestingGood judgement comes from experience. Experience comes from bad judgement--Mark Twain.Stay positive....Test negative!!
-----Original Message-----
From: byrdshot via bivio.com <user*22890200001@bivio.com>
To: club_cafe@bivio.com
Sent: Wed, Dec 9, 2020 1:06 pm
Subject: RE: [club_cafe] Partnership agreement signatures
Thanks. Will double check with the broker we end up going with.Kim PotterSent via the Samsung Galaxy S10, an AT&T 5G Evolution capable smartphone-------- Original message --------From: "James P. Dickerson via bivio.com" <user*78700001@bivio.com>Date: 12/9/20 12:40 PM (GMT-05:00)Subject: RE: [club_cafe] Partnership agreement signaturesWe are facing a similar issue. We have new members sign the PA but do not
remove any members from the document when they leave. That prevents us
from having to re-do all the signatures, but I see how that could be an
issue with the broker. We also moved a lot of the operational aspects
(voting rules, officer duties, etc.) to a Bylaws document which make
updating a lot easier without having to redo the PA. The problem we have
now are gaps due to COVID and only meeting virtually. We've talked about
adding a signature in parts as an option, but haven't gone this route:
Execution in Parts. This Agreement may be executed in any number of actual
or electronic copies of counterparts and by each of the different Parties on
several counterparts, each of which when so executed and delivered will be
an original. The executed signature page(s)from each actual or electronic
copy of a counterpart may be joined together and attached and will
constitute one and the same instrument.
Jimmy
James P. Dickerson
polymerguy@yahoo.com
-----Original Message-----
From: club_cafe@bivio.com <club_cafe@bivio.com> On Behalf Of Kimberley A
Potter via bivio.com
Sent: Wednesday, December 09, 2020 10:32 AM
To: club_cafe@bivio.com
Subject: [club_cafe] Partnership agreement signatures
How do clubs manage current signatures on their PAs? Ours is out of date
and we need one with current signatures to provide for a new broker.
I was just wondering how you handle that in your club? If you have to redo
all the signatures everytime a member leaves or joins - that would be
onerous. Do you have one signature page for each member?
Thanks for your collective wisdom.
Kim Potter, Treasurer
BI Brighton Model Investment Club
Brighton MI
Do you send this to your broker?
Linda
We do something similar as Larry Reno. When a new member joins we have a one page amendment to the PA that is similar to Larry's then when they leave the club they provide me with another page stating that they are making a full withdrawal and leaving the club. We have not changed the original PA since we started in 2008 but have added amendments to it as needed.John RiceABODI Investment ClubWe have a one page signature sheet that states; "I have received a copy of and read the partnership agreement and By-Laws of the Mutual Investors of Atlanta dated October 8, 2018, as amended, and agree to its provisions.NAME of PARTNER: DATE:"Then we have the Secretary Certify the signature. We also have other data fields on the page such as address, ssn, telephone, e-mail, etc.
Larry RenoDirectorGeorgia Chapter of BetterInvestingGood judgement comes from experience. Experience comes from bad judgement--Mark Twain.Stay positive....Test negative!!
-----Original Message-----
From: byrdshot via bivio.com <user*22890200001@bivio.com>
To: club_cafe@bivio.com
Sent: Wed, Dec 9, 2020 1:06 pm
Subject: RE: [club_cafe] Partnership agreement signatures
Thanks. Will double check with the broker we end up going with.Kim PotterSent via the Samsung Galaxy S10, an AT&T 5G Evolution capable smartphone-------- Original message --------From: "James P. Dickerson via bivio.com" <user*78700001@bivio.com>Date: 12/9/20 12:40 PM (GMT-05:00)Subject: RE: [club_cafe] Partnership agreement signaturesWe are facing a similar issue. We have new members sign the PA but do not
remove any members from the document when they leave. That prevents us
from having to re-do all the signatures, but I see how that could be an
issue with the broker. We also moved a lot of the operational aspects
(voting rules, officer duties, etc.) to a Bylaws document which make
updating a lot easier without having to redo the PA. The problem we have
now are gaps due to COVID and only meeting virtually. We've talked about
adding a signature in parts as an option, but haven't gone this route:
Execution in Parts. This Agreement may be executed in any number of actual
or electronic copies of counterparts and by each of the different Parties on
several counterparts, each of which when so executed and delivered will be
an original. The executed signature page(s)from each actual or electronic
copy of a counterpart may be joined together and attached and will
constitute one and the same instrument.
Jimmy
James P. Dickerson
polymerguy@yahoo.com
-----Original Message-----
From: club_cafe@bivio.com <club_cafe@bivio.com> On Behalf Of Kimberley A
Potter via bivio.com
Sent: Wednesday, December 09, 2020 10:32 AM
To: club_cafe@bivio.com
Subject: [club_cafe] Partnership agreement signatures
How do clubs manage current signatures on their PAs? Ours is out of date
and we need one with current signatures to provide for a new broker.
I was just wondering how you handle that in your club? If you have to redo
all the signatures everytime a member leaves or joins - that would be
onerous. Do you have one signature page for each member?
Thanks for your collective wisdom.
Kim Potter, Treasurer
BI Brighton Model Investment Club
Brighton MI
No, we don't. It is a hassle so we don't bother updating them on our changes. They only send out one tax form to the club so we don't see the need to update them on everything.
John
Do you send this to your broker?LindaWe do something similar as Larry Reno. When a new member joins we have a one page amendment to the PA that is similar to Larry's then when they leave the club they provide me with another page stating that they are making a full withdrawal and leaving the club. We have not changed the original PA since we started in 2008 but have added amendments to it as needed.John RiceABODI Investment ClubWe have a one page signature sheet that states; "I have received a copy of and read the partnership agreement and By-Laws of the Mutual Investors of Atlanta dated October 8, 2018, as amended, and agree to its provisions.NAME of PARTNER: DATE:"Then we have the Secretary Certify the signature. We also have other data fields on the page such as address, ssn, telephone, e-mail, etc.
Larry RenoDirectorGeorgia Chapter of BetterInvestingGood judgement comes from experience. Experience comes from bad judgement--Mark Twain.Stay positive....Test negative!!
-----Original Message-----
From: byrdshot via bivio.com <user*22890200001@bivio.com>
To: club_cafe@bivio.com
Sent: Wed, Dec 9, 2020 1:06 pm
Subject: RE: [club_cafe] Partnership agreement signatures
Thanks. Will double check with the broker we end up going with.Kim PotterSent via the Samsung Galaxy S10, an AT&T 5G Evolution capable smartphone-------- Original message --------From: "James P. Dickerson via bivio.com" <user*78700001@bivio.com>Date: 12/9/20 12:40 PM (GMT-05:00)Subject: RE: [club_cafe] Partnership agreement signaturesWe are facing a similar issue. We have new members sign the PA but do not
remove any members from the document when they leave. That prevents us
from having to re-do all the signatures, but I see how that could be an
issue with the broker. We also moved a lot of the operational aspects
(voting rules, officer duties, etc.) to a Bylaws document which make
updating a lot easier without having to redo the PA. The problem we have
now are gaps due to COVID and only meeting virtually. We've talked about
adding a signature in parts as an option, but haven't gone this route:
Execution in Parts. This Agreement may be executed in any number of actual
or electronic copies of counterparts and by each of the different Parties on
several counterparts, each of which when so executed and delivered will be
an original. The executed signature page(s)from each actual or electronic
copy of a counterpart may be joined together and attached and will
constitute one and the same instrument.
Jimmy
James P. Dickerson
polymerguy@yahoo.com
-----Original Message-----
From: club_cafe@bivio.com <club_cafe@bivio.com> On Behalf Of Kimberley A
Potter via bivio.com
Sent: Wednesday, December 09, 2020 10:32 AM
To: club_cafe@bivio.com
Subject: [club_cafe] Partnership agreement signatures
How do clubs manage current signatures on their PAs? Ours is out of date
and we need one with current signatures to provide for a new broker.
I was just wondering how you handle that in your club? If you have to redo
all the signatures everytime a member leaves or joins - that would be
onerous. Do you have one signature page for each member?
Thanks for your collective wisdom.
Kim Potter, Treasurer
BI Brighton Model Investment Club
Brighton MI
We're in the process of moving to Fidelity from Folio - grrrr.... But one of the things we need to send them is a signed PA. So we're sending the PA and signature pages similar to what we've seen here.
Kim Potter
Kim Potter
BI Brighton Model Investment Club
On Friday, January 1, 2021, 01:04:20 PM EST, Linda Glein via bivio.com <user*21345500001@bivio.com> wrote:
Do you send this to your broker?
Linda
We do something similar as Larry Reno. When a new member joins we have a one page amendment to the PA that is similar to Larry's then when they leave the club they provide me with another page stating that they are making a full withdrawal and leaving the club. We have not changed the original PA since we started in 2008 but have added amendments to it as needed.John RiceABODI Investment ClubWe have a one page signature sheet that states; "I have received a copy of and read the partnership agreement and By-Laws of the Mutual Investors of Atlanta dated October 8, 2018, as amended, and agree to its provisions.NAME of PARTNER: DATE:"Then we have the Secretary Certify the signature. We also have other data fields on the page such as address, ssn, telephone, e-mail, etc.
Larry RenoDirectorGeorgia Chapter of BetterInvestingGood judgement comes from experience. Experience comes from bad judgement--Mark Twain.Stay positive....Test negative!!
-----Original Message-----
From: byrdshot via bivio.com <user*22890200001@bivio.com>
To: club_cafe@bivio.com
Sent: Wed, Dec 9, 2020 1:06 pm
Subject: RE: [club_cafe] Partnership agreement signatures
Thanks. Will double check with the broker we end up going with.Kim PotterSent via the Samsung Galaxy S10, an AT&T 5G Evolution capable smartphone-------- Original message --------From: "James P. Dickerson via bivio.com" <user*78700001@bivio.com>Date: 12/9/20 12:40 PM (GMT-05:00)Subject: RE: [club_cafe] Partnership agreement signaturesWe are facing a similar issue. We have new members sign the PA but do not
remove any members from the document when they leave. That prevents us
from having to re-do all the signatures, but I see how that could be an
issue with the broker. We also moved a lot of the operational aspects
(voting rules, officer duties, etc.) to a Bylaws document which make
updating a lot easier without having to redo the PA. The problem we have
now are gaps due to COVID and only meeting virtually. We've talked about
adding a signature in parts as an option, but haven't gone this route:
Execution in Parts. This Agreement may be executed in any number of actual
or electronic copies of counterparts and by each of the different Parties on
several counterparts, each of which when so executed and delivered will be
an original. The executed signature page(s)from each actual or electronic
copy of a counterpart may be joined together and attached and will
constitute one and the same instrument.
Jimmy
James P. Dickerson
polymerguy@yahoo.com
-----Original Message-----
From: club_cafe@bivio.com <club_cafe@bivio.com> On Behalf Of Kimberley A
Potter via bivio.com
Sent: Wednesday, December 09, 2020 10:32 AM
To: club_cafe@bivio.com
Subject: [club_cafe] Partnership agreement signatures
How do clubs manage current signatures on their PAs? Ours is out of date
and we need one with current signatures to provide for a new broker.
I was just wondering how you handle that in your club? If you have to redo
all the signatures everytime a member leaves or joins - that would be
onerous. Do you have one signature page for each member?
Thanks for your collective wisdom.
Kim Potter, Treasurer
BI Brighton Model Investment Club
Brighton MI