Every plan in Thyme is at an "entity" level, which could be anything: a team, an LLC, a fund, or even a personal account. It's a designation of a grouping, what that grouping is is up to you. Entities can have properties, accounts, transactions, and users. Also, a user can have multiple entities.
Here are a few examples:
- Kevin invests by himself and wants to track his property performance. The Individual plan would be the best for Mike, since it's just him. He can name his entity whatever he wants, maybe "Mike's Personal Account" and he'll be the only user. He can add his properties and accounts to that entity and use Thyme as normal.
- Rachel, Kevin, and Kim have an LLC and invest together. The Team plan would be the best fit for them since they're all General Partners (GPs) in their LLC. First, one user would create the entity (and pay for the Team plan), the other users would sign up for Thyme, and then the entity owner (the user who created the plan) can add them to the entity.
- Erik and Bailey are GPs for several funds that also have different Limited Partners (LPs) in each fund. They would need a Professional plan for each fund. One GP would create the entities, each with a Professional plan, and name them accordingly (ex. Fund 1, Fund 2, etc.). They would add the properties and relevant accounts to each entity and ask their LPs to sign up for Thyme. As LPs sign up, they can add the LPs to their relevant entities.
- Kevin invests by himself, belongs to an LLC, and is also an LP in several funds. He would have an Individual plan for his own entity, belong to a Team entity for the LLC, and would belong to Professional entities as an LP.
To recap a few key points:
- An entity owner is the user that created the entity. This cannot be changed. Only the entity owner can add and remove user (GPs or LPs) from an entity.
- General Partners (GPs) are similar to entity admins. They can view and edit all information in an entity.
- Limited Partners (LPs) are view only users for an entity. Also, some information is not available to LPs, like individual transactions and bank account level information.
- A user can belong to multiple entities (and in different roles too). As shown in example 4, a single user can belong to any number of entities in different capacities. They only pay for the entities they create and own.
