Harlan

I had a similar challenge. PLease search on subject - Add same set of
formulae at defined intervals. This will give you the answer.

Thanks

"Harlan Grove" wrote:

"mssh20" wrote...
15-20 PEOPLE INVEST TOGETHER IN REAL STATE.MORE MONEY ADDED AT
INTERVALS.DIFFERENT UNITS BOUGHT.EACH UNITS PRICE CHANGES.INVESTMENT
AMOUNTS PER PERSON VARIES.PROFIT OR ASSET VALUE CHANGES WITH TIME AND
NEEDS TO BE DITRIBUTED IN PERCENTAGE PER PERSON.EXPENDITURES DEDUCTED
AT INTERVALS.SOME MEMBER MAY LEAVE AT SOMETIME AND THE DIFFERENT UNITS
NEED TO BE REEVALUATED ON THAT DAY .SIMILARLY NEW MEMBERS MAY ENTER
WHILE THE NET ASSET VALUE AGAIN/CONTINUALLY NEED TO BE REEVALUATED.
PERCENTAGE SHOULD STAY 100 WHILE NET TOTAL WOULD KEEP CHANGING FIRSTLY
BY APPRECIATION OF INDIVIDUAL ASSETS AND SECONDLY BY INFLUX BY OLD OR
FRESH MEMBERS

What form of legal organization? Privately held corporation? Parnership?
Limited partnership? Mutual fund-like? No explicit legal organization?

The last could cause you no end of problems.

As for the other forms, if you're a corporation or limited partnership, do
you have by-laws? If so, what are they, PRECISELY? If not, see preceding
paragraph.

Would all members on, say, 10/15/2004 share equally in any profits realized
on 10/15/2004?

To be perfectly honest, if you have more than US$100K invested, you'd have
to be a complete fool not to have a lawyer (someone to sue if they screw up)
to set this up.