Greetings;
Three of us would like to partner on two Rv's. It will start out with two of us with one plane, then a third will join us in about 6 months and we'll buy one more RV. That's the plan.
Are we idiots? Are we naive? Help!
We'd very much like any words of wisdom and experience to help guide us. Have ever been in a partnership? What would you recommend?
Do you know of good resources on this... (some kind of "Airplane Partnerships for Dummies")
We'd like to know "best practice" kinds of things not only about the kind of contract to use, but also basic agreements and clauses that help us get along well, be satisfied, and take care of surprises or unusual contingencies. Should we form an LLC or Corp?
Thank you VERY much
-Ralph
Three of us would like to partner on two Rv's. It will start out with two of us with one plane, then a third will join us in about 6 months and we'll buy one more RV. That's the plan.
Are we idiots? Are we naive? Help!
We'd very much like any words of wisdom and experience to help guide us. Have ever been in a partnership? What would you recommend?
Do you know of good resources on this... (some kind of "Airplane Partnerships for Dummies")
We'd like to know "best practice" kinds of things not only about the kind of contract to use, but also basic agreements and clauses that help us get along well, be satisfied, and take care of surprises or unusual contingencies. Should we form an LLC or Corp?
Thank you VERY much
-Ralph