Steve, yea...set up an hrly rate that leaves some
excess $ to put into a money market account for
future repairs and maint items...Set up the group
as a LLC, and do a excel sheet to send out to each
member monthly or qtrly showing all usage, rates, costs
account balances, etc...Thats what we do w/a 172rg/10
way partnership in Denver, Co



On Nov 29, 6:02 pm, "Steve B" wrote:
I have a Mooney that I would like to start a partnership with. I plan
on finding a location on the West Coast to base the airplane.
My question is, with a partnership do you need to set an hourly rate
for maintenance or Engine reserves. Would a low hourly rate help to
keep the cost of maintenance fair so the cost is related to the actual
flying.

Thanks
Steve