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I concur with the comments from both Jumpmaster (Airborne Leads the Way!) and Skinner. Our AOPA-based OA was overhauled twice by aviation attorneys in our home state, once before we formed the LLC and a second time when a new member bought a share in the LLC.

Two shares in an 8KCAB Super Decathlon will be available towards the end of May. The airplane is hangared at Paine Field, KPAE, north of Seattle. Please contact me if you're interested in learning more about the airplane and the LLC that owns and operates the airplane. The LLC is a group of...

We use an adapted version of the AOPA agreement in two LLCs (one with two members, one with five). Ironically, an AOPA attorney suggested that it's not so much an LLC agreement as a "co-ownership" agreement, as you've noted. AOPA is working on an LLC template that can be used to provide better...