COSVRY INVESTMENTS

COSVRY INVESTMENTS

Wednesday, June 10, 2015

SUPPLEMENT TO THE PROPRIETOR’S PERSONAL FINANCE MANAGER’S RESPONSIBILITIES

Introduction:
As pointed out in the post, PERSONAL FINANCE MANAGER TO THE PROPRIETOR, various activities will be required to be carried out by the Manager, this supplement is intended to clarify those activities in further detail in order for Elin Nordegrin to obtain a more in depth “understanding” of the responsibilities involved. Please follow below for details.

PERSONAL FINANCE MANAGER TO THE PROPRIETOR:
This full-time position involves the management of the personal investments of the Proprietor excluding the “Holding Base” Conservery and associated Proprietorships activity, to ensure that sound financial maintenance is being carried out regarding the personal investment vehicles of the Proprietor, which could include but not be limited to responsibilities such as: 1) ensuring that rents are collected from those properties being rented, 2) ensuring that all real estate taxes due are brought to the attention of the Proprietor when appropriate, etc., whether those properties are held nationally or internationally, 3) in the case of the Independent Proprietorships, the Manager will be required annually to determine with the individual Proprietors the profits realized to adequately determine the 60/40 percent profit sharing split to be divided with the Proprietors, for the purpose of obtaining the Proprietor’s annual 40% return from this investment activity, even in the case of her own Proprietorship since she, Elin will hire her own Manager to independently manage this business successfully, 4) the other aspect of the financial arrangements between the Proprietor and the Independent Proprietors/Distributors in need of explanation, relates to the housing subsidy they will receive (ONLY in instances where relocation is required to facilitate their business activity to offset monthly operating expenses). Unlike the “Holding Base’s” staff, benefit, this will be a monthly cash amount paid based on their location, property type in addition to other property specific details; the Personal Finance Manager will ensure that they receive these cash subsidies, 5) where income-producing business/property investments are held internationally, the Manager will work with the local managers to determine the annual profit for the purpose of ensuring that the appropriate profit distribution is determined and realized, 6) in instances where these international income-producing property/businesses require monthly cash subsidies to be paid to local managers, to offset expenses incurred, the Manager will also facilitate these monthly cash subsidies, 7) oversee the financial activity regarding ClChs Bakery with the associated Independent Proprietorships involved to ensure adequate financial activity is being undertaken and realized from these mobile only operations as indicated in the post EXPANSION OF THE REORGANIZATIONAL STRUCTURE EFFECTING A SECTION OF CLCHS BAKERY; 8) since this position is specific to the investments carried out, the above listing may not be all-inclusive of all the areas where the Manager may be required to manage effectively and 9) finally, the Manager will ensure that adequate attention is directed to all investment instruments held that will serve to enhance personal income tax-filing activity, which will be overseen by the Manager in concert with the avenue determined to effect such activity.

Conclusion:
Since the attention of the Proprietor will be directed to many different activities to ensure that the main investment realizes outstanding returns, the Manager will serve as the “eyes” and “ears” with regards these personal investments to ensure that order and proper payments/rates-of-return where applicable are effected in these critically important vehicles. I’m confident that Elin will be very thoughtful in carrying out this very important function, which I’m confident she will affect and implement professionally; so please join me in congratulating Elin as she will use her management skill to successfully execute this critically important position as outlined In the previous posting on this subject.

James F. Brazant
Proprietor
Conservery/Cosvry/ClChs Bakery
6/10/2015
(see the
Conservery Blog Page for the Proprietorship’s new mailing address)

1 comment:

  1. COMMENT
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    Please Note: the most updated version of all comments as well as all available links, photos, etc. are available on the COMMENTS (2015) Page.

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