| Re: Non-stock investment abroad (in a start-up)I had mailed earlier if Investment Club funds could be invested in a start-up. After some deliberations we realized Club funds can be used to invest outside the brokerage account. This brings me to another question. 1. What is the accounting treatment in Bivio for ... |
| Should our club split?Gayle Nelson wrote Our investment club consists of 20 members. Half of these members do not come to any meetings or participate in any way while a few of us do all the work. We recently decided that all members have to attend one meeting ... |
| Member Withdrawl Question?Hi guys, I went threw the process of Member withdrawl to see what payout would be for the member. All information was good we are paying out in stock as much as we can and the rest a check. So I printed out the form ... |
| Re: [club_cafe] Closing our club.Ira, Thank you very much, for explaining the errors that my previous club made, when we processed our complete withdrawal. Obviously, we were ignorant. Bivio probably did not exist, at the time, so we entered each member's ownership percentage into a spreadsheet, and then allocated ... |
| Re: [club_cafe] Bivio tax questionNorm, Ted & Richard withdrew before this year, so there tax impacts are history. Marge and John withdrew in the last couple months, so there tax impact will be in this year. I may have a rough idea of members tax hit by next meeting, ... |
| Withdrawal documentation.Hello. A long term member of our club died in early December, after a lengthy illness. He wanted to remain as active with the club as possible. We miss him. We wrote a withdrawal check to his estate in mid December. In giving condolences to ... |
| Partnership Valuation ConsiderationsBecause your club accounting is based on Units or "shares" of ownership, your club value must be established any time units are purchased or redeemed. Each day the Net Asset Value (NAV) of your club is determined. You can see it on a Valuation report. ... |
| Correcting errors that go back several yearsI have only recently gotten involved with our club's record keeping. In reviewing the accounting records I discovered numerous omissions and errors going back to the time the club started in 1996. Unfortunately, we are not a model club, although I am trying to change ... |
| 2023-19 April - TPC Minutes.docxThe Passive Club (TPC) Meeting Minutes for April 19, 2023 Meeting called to order at 11:05 AM Meeting adjourned at 11:33 AM Officers Name Officers Name President Manu Pasari Vice-President Helen Sorser Treasurer Georgeline Mitchell Treasurer (bkp) Secretary Sriram Padi Secretary (bkp) Member Name Present ... |
| Re: [club_cafe] Schwab cash withdrawalWhat is the name of your club and what is the legal structure?A If the club operates with an individual account then what you did makes sense. Peter Dunkelberger On Tue, Oct 17, 2023 at 9:29a€¯PM Bernard Worst via bivio.com <user* 16855300001@bivio.com > wrote: Our ... |
| Re: [club_cafe] Re: checking accounts, withdrawals and taxesIs your club a partnership with a TIN?A I don't understand why Schwab would care what "business" the partnership is in or what their name is.A Maybe I'm naive. c.e On Sat, Sep 30, 2023, 3:44 PM Peter Dunkelberger via bivio.com <user* 26984900001@bivio.com > wrote: ... |
| Microsoft Word - 2021.11.17 - TPC Minutes.docxThe Passive Club (TPC) Meeting Minutes for November 17, 2021 Meeting called to order at 11:03 AM Officers President Treasurer Secretary Member Name Adam Englebert Alan Hull Bob Mann Carolyn Collins Catherine Chall Damian Stone Jody Tarquinto Name Phil York Helen Sorser Georgeline Mitchell Present ... |
| Member Withdrawal ReportThe Member Withdrawal Report is a very important report which contains information a member may need to report on his personal taxes (See Gain/(Loss) Realized on Withdrawal below) . This information is in addition to the information that will be shown on the K-1 he ... |
| Re: [club_cafe] Re: Closing our club.When I was treasurer of a club that was disbanding, I asked each of the partners to give me the names of two stocks in the portfolio they would like to own going forward, and two that they would rather not own. I then created ... |
| Re: [club_cafe] Withdrawal paid with stockPaul is correct, but I must emphasize that his explanation only applies when a member completely withdraws from a club.A If the member only takes a partial withdrawal (that is, continues his/her membership in the club), s/he receives the club's cost basis in any transferred ... |