"BigGuy" wrote in message
oups.com...
[...]
If I form a partnership where the other partners pay some amount in to
a general fund as the seed money how would my share get paid in? I'm
not interested in putting X grand into the pot since I'm placing the
plane into the partnership with a paid in full status and wanting to
keep my share of the valuation - how would this work?

If you own the airplane outright, then it's your asset. You can charge
partners whatever you like to own whatever fraction of the asset you like.
Of course, the closer to fair market value you make the base value of your
airplane when calculating the cost to own a specific fraction, the more
likely you'll find a partner willing to pay your price.

If you can find someone to pay $100K for a 25% share of a $50K airplane,
there's no reason you can't charge that. In reality, you should try
your best to charge a fair price for the fraction. Charging more than fair
market value will discourage partners from joining, while charging less than
fair market value will undermine your own equity in the partnership.

Any partnership needs a solid contract to make clear the relationship
between the partners, their rights and responsibilities, and how the
partnership can be modified or dissolved altogether. AOPA has lots of
resources to help with that.

You might also try rec.aviation.owning. It's a much more appropriate
newsgroup for this discussion than this one.

Pete