Talk with an aviation lawyer, you need legal advice. The
AOPA can get you a list of lawyers that specialize in
aviation.


--
The people think the Constitution protects their rights;
But government sees it as an obstacle to be overcome.
some support
http://www.usdoj.gov/olc/secondamendment2.htm
See http://www.fija.org/ more about your rights and duties.


"BigGuy" wrote in message
oups.com...
| I'm a new plane owner, and in an unusual stroke of luck I
own the plane
| outright. The problem is that financially I'm not in a
position to
| maintain it (or own it for that matter...), so I'm looking
into various
| partnership setups to help offset costs such as
fractionals,
| co-ownerships and leasebacks.
|
| Thought I'd post "yet another question" about which of
these
| partnerships might be more viable than the others given my
ownership.
| most of the reading that I've done thru this group and in
various other
| articles thru out the web seem to be geared towards a
partnership where
| the plane is still being paid for by the partners. I'd
assume that a
| partnership where the plane is already paid for would
allow for a more
| attractive buy in given the possibility of a lower buy in
price to
| cover the operating expenses, as well as a lower cost per
hour to the
| partner.
|
| 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?
|
| these questions and more I'm sure, thanks in advance
|