My club which is presently a corporation, which will shortly liquidate, distribute the cash, and start a new LLC using Bivio accounting. Each member will invest $25,000 in the new LLC. What is the recommended value of a unit 1, $10, $100, or $1,000 ??? ...
I just was comparing the 1099 statement that i received from Ameritrade to the information on the 1065 form that was generated by bivio and realized that the $4.00 of dividend interest that we got was not reported by ameritrade, but showed up on our ...
Hello all! Here's one for ya! Our bank erroneously charged us $6.00 in bank charges, three months in a row. $12.00 last year, $6.00 this year. They reimbursed us $18.00 "this" year. So I credited it to the expense account. Now, the Member Tax Allocation ...
I our by-laws, we can have a max of 20 members. 50% of them are have lost all intrest and are not investing any longer. We have other people that would like to join the club. What do you do with the ones that have ...
The last e-mail I sent was incomplete. My question regards the instance of writing a check to cover an invoice for a luncheon meeting. We charge 50% as meeting rent which is deductable, and 50% to dining expense , which is not deductable. How does ...
Our club holds a monthly luncheon meeting and we charge 1/2 of the expense as rent which is deductable, and 1/2 as food and drink which is non-deductable. If we list one check (as in account sync), how do we split the amount in halves ...
Our club has a total of 12 members. We just started our investing this month. It is a club composed of co-workers. Some other co-workers are interested in joining our club. In the future we would like to open our membership to our co-workers. I ...
Can someone explain what accumulate means in relation to stock purchases. I ask because I think it means purchase additional shares. In researching stocks I have come across recommendations of accumulate - which to me assumes you already own shares of said stock. Am I ...
How do Taxes work. Can someone walk me through them in English. We are starting a General Partnership, but everyone is asking how the taxes work. Please assume that I know nothing, it will be easier to explain to everyone else. Thanks
For various reasons we are cashing out of our investment club. This was all doen before the end of the tax year so we have final schedule K-1 and 1065's. My question has to do with how the disposition of cash (all our stock was ...
Our club holds shares (units) of Alliance Capital (AC), a publicly traded partnership, and we recieved a K-1 from them, how do I enter this into Bivio so I can generate correct K-1's and 1065 for the club?