I'm partnering with a good friend on a Cardinal and trying to figure out the best way to do it. Keep in mind I'm a student pilot. We have done several deals with a handshake, but pretty sure that's not the best way to deal with a plane. I have already paid for the hangar for the next year and a small portion of my half of the plane. There are a few things with maintenance he said he would take care of, I'm sure those should be listed. Our goals with the plane are similar. I'm looking to build hours and start on IFR as soon as I'm done with PPL. He said he can step up to another plane when I'm ready and we have similar tastes for the next plane (both want true 4 seater). Should we also go the LLC route?