We switched brokers and when one of our stocks was transferred we received cash for some fractional (0.25956)shares. How do you handle this transaction? Thanks.
At one point when a member decided to pay their full dues for the year in one payment it also occurred to us that one member could attempt to "time" their contributions, buying shares at a lower value and end up with a greater share ...
Thanks for the responses. Comments from those who responded are helpful. Setting a limit of having no partner contribute more than 20% of the value of the club makes sense (depending ,of course, on the composition of the club this might be a problem in ...
In a message dated 08/18/03 12:49:17 AM Eastern Daylight Time, spepper@bivio.com writes: Our investment club currently requires every member to pay the same amount of dues each month and we assesses a late fee when the payment is not received on time. We are considering ...
We are an existing investment club and have been trying to convert to Bivio for several weeks with little success. We are, therefore, seeking a club in Memphis, TN with someone who would be willing to help us with the conversion. Is there anyone out ...
We are an existing investment club and have been trying to convert to Bivio for several weeks with little success. We are, therefore, seeking a club in Memphis, TN with someone who would be willing to help us with the conversion. Is there anyone out ...
I see several "quick links" when I sign on to Bivio, including under "Investments" Bought stock, sold stock, and stock dividends. Any chance of getting a "reinvested dividend" quick link added?? Thanks!
>>Ira said << Of course, your partnership agreement must allow you to transfer shares. >> Are you saying that if your agreement is mute on the issue, you are precluded from using shares for the payoffs? I am not convinced that this is the case. ...
>>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 ...