Communications
club_cafe
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Virus message is a hoax!!!!!!!
Hi folks, sorry for the inconvenience. I received this message from my internet provider. Links include complete info Paul Hello Paul and Joy, You found the file on your computer because it's a normal file built into Windows. jdbgmgr.exe is a hoax. See this page ...
1 message
Withdrawal Status
I have a member who is now deceased and we withdrew his share from the club. When I click on Members he appeared but then I clicked the box so as not to show withdrawn members. However, he still appears on the Member Status report. ...
2 messages
Accounting Problems
Our Club formed in January '03. We started with Bivio in May, Lost a member in June, and bought our first stocks at the end of June. Our problem is this: We were entering member contributions for the time of Jan - June without having ...
2 messages
Delinquent Dues and Late Fees at time of Withdrawal
Our partnership agreement says that delinquent dues and late fees are subtracted from the Withdrawal amount. Our club has a member who did not pay dues for the last two months prior to her withdrawal. Late fees on the unpaid dues are owed the club ...
1 message
club_cafe: Delinquent Dues and Late Fees at time of Withdrawal
Right now you are boxed in by your partnership agreement and you must follow it or change it. I have a strong philosophical disagreement with your agreement. A club is not "entitled" to regular dues from its members. If a member contributes money s/he gets ...
1 message
Valuation Date
Can the valuation date for converting member payments into club units be changed? In other words, If we have established a valuation date for our club as the first of the month; can we change this and make the valuation date the day the transaction ...
2 messages
MEMBER JOINED LATER - HIGHER AIRR
If a member joined a full year after the original members why is their airr higher? They own a lower % of the portfolio. Is this because stock purchased since their joining are doing better than the original stocks? How does this happen? Thank you.
3 messages
Beneficiary Form
Do any of you guys have a beneficiary form completed by each partner. My club is considering having each partner complete a beneficiary form and let the secretary keep this on file. We will also scan these documents into a computer. I was thinking of ...
1 message
club_cafe: Beneficiary Form
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 ...
2 messages
AccountSync
Any update on adding Scottrade to AccountSync?
2 messages
Withdrawal check not cashed
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 ...
3 messages
club_cafe: Withdrawal check not cashed
You are dealing with what is known as an escheatment issue. If you hold an asset that does not belong to you (the former partner's investment value), the value eventually must be transferred to the State. This is a common issue in business where a ...
1 message
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1 message
Withdrawing Members
Are there rules from the IRS or any others that state how many club members can withdrawal from a Club in any given year?
1 message
club_cafe: Withdrawing Members
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 ...
1 message