My club (formed as an LLC) is domiciled in Colorado, however one of the members is a NY resident. Is the club required to file a NY Partnership Return?
I'm going to be a treasurer for my club, responsible for over half a million dollars. Would you recommend the club taking a bonded insurance policy for the treasurer and assistant treasurer? If yes, can you make suggestions on how to go about doing so. ...
If you own multiple lots of a stock and don't sell all of it at one time, you need to tell the broker which shares to sell.A Usually you do this by specifying a default lot selection method with the broker.A Since lot selection is ...
Hello, Cindy Relick here from ChickPicks. I'm the newly elected treasurer and we are looking to dissolve our group. I know we can 1. transfer stock to each member or 2. cash out everything and cut checks to the group My concern is that we ...
I moved to Hawaii and although I approached NAIC I haven't had much luck with them helping me locate a club. Was in my previous club for 23 years. Have interest in options as well as stocks. Please contact Doug at (808) 395-6462 and/ or ...
Club's first year and I paid for our annual subscription with my personal credit card and I was reimbursed with club units. Because I paid the entire expense, do I allocate this entire expense to me or does it get allocated proportionally? Any help much ...
All: I have a question about the investment club exception for partnership filing fees in New Jersey. New Jersey Rev Stat § 54A:8-6 requires a partnership with New Jersey resident partners to file a NJ-1065 partnership return, even if the partnership operates in another state ...
Hi, we have a situation, we're one of the members passed away and we want to transfer her position to her son. What is the best way to achieve this transfer. I'm looking for the advice of this community and greatly appreciated. Regards, Alessandro
This message is directed to members of clubs based in Arizona. Starting this year, the Arizona Department of Revenue (ADOR) requires partnership returns to be filed electronically unless the ADOR director grants a waiver. The waiver request form (number 292) can be found on the ...
How does an investment club (general partnership) complete section 4 of a W9 when requested by a broker in support of a new broker account for the club? Section 4 applies to exemption from backup withholding and/or FACTA reporting. Exempt payee code (if any)A ? ...
Started my club last year, looking to send an email / letter to friends/family about an opportunity for them to join. Do any current clubs have sample email / letter for prospective new member. Any info / advice much appreciated. Thanks, Mike
I've been thinking about starting a family investment club - my husband and me plus our 3 kids and two of their spouses. It would be 3 to 7 adults - at least to start. Most with no investing experience except their work 401Ks. I ...
Just wondering does anyone have a standard membership/partner registration or information form for when a member joins the Club? Our Club is 20+ years old and haven't had any new partners for several years.. Now we have a couple of perspective new partners. Is there ...
Hello All, Any help explaining AIRR would be greatly appreciated. We own a stock that has increased significantly in value, but the AIRR shown in Bivio (757.8%) doesn't seem right. I need a straight forward, unobtuseA way of explaining it to my group.A The explanation ...
We are in the process of moving our club to Fidelity. Sent the application and should hear back next week sometime. Really hoping that there aren't too many things that need fixed in the applications. The application was long - 4 parts - business account, ...