Suggestions for partnership agreement

Just an attorney that keeps up with, and practices in the aviation area.
The law is so vast now that they all have to specialize.

There is one group at www.advocatetax.com but they seem to specialize in the
taxes. They often have stuff on their website that they post for others to
see (the owner is a plane nut).

The thing an aviation attorney is likely to be able to help with is drafting
a document that protects you all as much as possible from liabilities that
another may create in an accident or through financial or legal trouble.
Also, the agreement needs to keep you out of trouble with the FAA by not
creating a commercial operation by its wording.

Most lawyers likely have never even heard of the FAR's.





"GE" wrote in message
...
Thanks for the heads up regarding the AOPA sight, I must have missed it
over
there. Pardon my ignorance, but what is an aviation attorney and how does
one differ from a regular attorney? Where can I find an aviation attorney?

"Dude" wrote in message
...
There are samples on the AOPA site. Take that as a start, talk with
your
partner, and hire an aviation attourney to verify that the agreement
says
what you want and offers the protection you want.

An ounce of prevention...


"GE" wrote in message
...
Getting a few steps closer to owning my first airplane. I have a
friend
who
will be my partner and we plan on setting up an LLC to actually own
the
plane. I don't know anything about LLC's, but I do want to have a
partnership agreement that spells out our financial responsibilities.
Any
suggestions? Does anyone have a sample that I could look at? Thanks.