Partnership Agreement

Discussion in 'Hangar Talk' started by Andrew Tobias, Mar 26, 2020.

  1. Andrew Tobias

    Andrew Tobias Filing Flight Plan

    Mar 26, 2020
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    Andrew Tobias
    I'm sorry to bore you all with this. I did a search and didn't really find what I'm looking for.
    A partner and I recently bought a V35 Bonanza. We have verbal agreements and so far everything is great. We do want to invite 1 maybe 2 more people into the partnership. I have formed an LLC that holds the AC. We are both equal members. Now, we are entertaining another member and we need to get an agreement in place.

    I'd like to know if anyone has a partnership agreement they'd like to share. I've looked up AOPA's agreement. The agreement tries to cover anything that might happen to anyhone at anytime. I'm sure it's written so as AOPA won't be held responsible in the event of an issue. It's also written as a co - ownership agreement so modifying it to a group is presenting more problems than I can deal with.

    Does anyone have an agreement they'd like to share?
    flyingcheesehead likes this.