On Sun, 16 Dec 2007 15:14:47 -0500, "Capt. Geoffrey Thorpe" The Sea
Hawk at wow way d0t com wrote:

It works if you have the right people. My dad always had partners...

That really is _the_ rub! I knew my partner for years before we
bought the airplane. Both of us were partners in other businesses, so
we had training wheels.

The other folks involved are more important than the actual airplane.


Talk to an attorney about setting up a corperation to actually own it and
defining how to dissolve it when you are done, or someone decides to bail,
or someone doesn't hold up their end.

Right. A good partnership is when you sit down and figure out written
outcomes ahead of time for all the bad stuff. Somebody wants out,
somebody can't pay, the others want one person out, the plane needs a
$20,000 uninsured repair...

If you can't agree NOW on how you address such situations, now is the
time to not form the partnership.