Hi All,
My friend and I are approaching the point of buying an RV together. I've found several articles about setting up flying clubs but there's very little I can find on a partnership, let alone one that's EAB.
I'm mostly curious about how financing might work. How do we get a loan as two individuals? Does one of us get the loan and the other just pay half each month?
I'm also debating the legal structure. I don't know much about the ins and outs of the various options. I can barely spell LLC.
I suppose these may be better questions of a CPA/attorney, but I wanted to start here given the vast wealth of knowledge.
Thanks in advance,
Kev
My friend and I are approaching the point of buying an RV together. I've found several articles about setting up flying clubs but there's very little I can find on a partnership, let alone one that's EAB.
I'm mostly curious about how financing might work. How do we get a loan as two individuals? Does one of us get the loan and the other just pay half each month?
I'm also debating the legal structure. I don't know much about the ins and outs of the various options. I can barely spell LLC.
I suppose these may be better questions of a CPA/attorney, but I wanted to start here given the vast wealth of knowledge.
Thanks in advance,
Kev