Corey recently asked I am in the process of setting up a club. We are organized and well on our way. We have a partnership agreement written up that was recently signed by all partners. Our next step is to fill out the tax id ...
Club members and treasurers often ask Should one or more remaining club members "buyout" a withdrawing member? First, before I answer that question, let's define a "buyout". A "buyout" is where one or more people buy the units of a withdrawing member directly from that ...
Bert recently wrote We are at the point now though where we have to choose an online broker. What we're looking for is basically a vehicle for making investments. We have other resources available to us for use in doing research etc. Can you guys ...
The Riverside Investment Club asks We have an established investment club that has been in operation for about 4 months now. Because of some difficulties with finding a reasonable cost checking account, we arrived at the solution of opening two E-Trade accounts, using one for ...
Marilyn recently wrote My two sons, my significant other, and I would like to begin to invest in stocks together through B&H. My question, is it possible for the four of us to have a joint account, or do we need to go through becoming ...
Jerry and I have constantly advocated using appreciated stocks to pay off departing members. Recently, we were asked An accountant in our club believes there may be tax liabilities to a partnership when transfering securties to a departing member (not selling stock, just transfering shares). ...
A reader recently asked I am in the process of starting up an Investment club. My question is if we have our monthly meeting on the 20th of the month, do we set the Valuation date for the 1st of the month or the last ...
A reader recently asked Can you offer a suggestion for structuring/formation of my family's investing activites. We want to invest our money, but are not sure of what is available to us. Can we form an investment club for our family, (at least initially), FLP, ...
Rip and I, the Trez_Talk guys, were recently asked I have about ten friends and we are interested in starting an investment club. I have dabbled in funds for quite some time now and my group wants me to be the president of the club. ...
A reader asks Would you have any information with regard to how beneficiaries of investment club members are treated, i.e. how they are addressed in the Bylaws? The treatment of beneficiaries in an investment club has gone through many gyrations. When the NCA software first ...
Dieter Louis wrote, We have an individual who is often two weeks late. The partnership wants me to reduce his units for the amount of the late period per our agreement. When I use the "two weeks late date," the valuation still calculates the same ...
Brad asked several great questions about some rather standard paragraphs found in many investment partnership agreements. "Any corporation or transfer agent called upon to transfer any securities to or from the name of the partnership shall be entitled to rely on instructions or assignments signed ...
Jerry, I'm the treasurer of a new club and we are in the process of writing our partnership agreement. Specifically, as treasurer, what issues should I be most concerned with? Let's finish our discussion of the treasurers' perspective of the partnership agreement by highlighting several ...
Norm Osterman wrote Being we are starting investment club #2 I am wondering if the correct procedure is to place an assessment fee on the members for startup costs. I did this prior with our other club but it might be better to use the ...
This is part of a continuing series on mergers, spin-offs, and stock splits. In early August of 2000, Ford Motor Company completed a recapitalization/merger plan. Under this plan, a shareholder could exchange stock for 1.748 shares of new Ford stock, or could receive 1 new ...