Virtually all suggested partnership agreements include a provision that "no partner's capital account shall exceed twenty percent (20%) of the capital accounts of all partners." I also read somewhere that there is some ruling that requires this and that it is not an option. I ...
Using the NAIC Accounting Software, when entering fees of 10.00 each from all members (not equal shares), how does the fees gets recorded? ( I understand it does not buy any units) Is there a separate account for fees or does it get recorder to ...
I joined Bivio..thought there might be a list of clubs by state..I am looking for a club in Florida (Tampa Bay area). I filled out the profile sheet nothing yet in the e-mail box..with all the clubs joined on Bivio..there must a list somewhere I ...
We are wondering exactly what the tax laws are with respect to the amount of capital losses that a club can take. Is there a dollar limit per club or does it simply apply the $3000 loss per member? Thanks in advance. Lounge Rat Investment ...
Help! I am the treasurer of a new group and have been inputting our books to bivio and to NAIC Club Accounting. I cannot figure out what date to put into the valuation date field when you enter the members payments. Am I wrong to ...
My brokerage statement lists a reinvestment transaction using multiple line items. For example: IBM DIV $16.26 IBM REINV 0.168 shr @ $96.71 IBM REINV CSH IN LIEU $0.01 Q: Does Bivio handle the cash in lieu automatically if I enter a single transaction IBM REINV ...
As a new club, we are currently educating ourselves on the SSG using the Investors Toolkit. One area that we are struggling with is calculating future high and low prices. In setting up the calculation using Investors Toolkit, the task is to apply judgement to ...
When will we be able to import our version 2.0 .icd data files into bivio? iclubcentral.com is accepting the import in .icd form. Yes, I know that iclub and naic have a working relationship, whereas naic and bivio do not. Regardless, our club is used ...
Our club is moving along nicely for the last 2 years. But now we're facing more decisions about selling (vs. buying at the beginning). Are there any clubs out there who have formalized rules about selling stocks? How about guidelines? We're looking to maybe establish ...
Recently our club had to payout a withdrawing member ,our account on bivio now shows the member with no units in the club but yet under the column 'paid' a sum of money remains.Does this mean we still owe that member a sum of money?
I am looking to join a local investment club. Can anyone, please make any recommendations for people of places I should contact. I live in San Jose, CA and would be willing to travel locally to find and meet with one. Thanking you in advance.
I was encouraged to write pertaining to the support of Relief organizations. The home page for bivio had listed the Red Cross as kind of a main site to support yet the Salvation Army, if you follow its history by those that have received help ...