My opinion on this issue is that you need to figure out what you want, as
clearly as possible, before you even think about an attorney. I have been
in several airplane partnerships, and no attorneys were involved, Some
grousing, but no legal issues. Put your thoughts and wishes down as clearly
a
Check out BUY/ SELL agreements, Virg
On Mon, 6 Oct 2003 10:09:18 -0700 (PDT) Aggie lewanda
writes:
>
> --- Dan Heath wrote:
> > I see some mention of Revenue regarding such partnerships. I
> would assume
> > that there would be no revenue, so why is it an issue? The only
> purpose
>
I'm asking once again for information about forming partnerships- the
LEGAL does and don'ts about drawing up the agreements. Ray Goree
goreebeth...@aol.com
-- next part --
An embedded message was scrubbed...
From: "Ralph Reed"
Subject: Re: KR>kr2 for sale
List-Post
--- goreebeth...@aol.com wrote:
>I'm asking once again for information about
> forming partnerships- the
> LEGAL does and don'ts about drawing up the
> agreements. Ray Goree
> goreebeth...@aol.com
Dear Mr. Goree,
I am not sure what type of partnership agreement you
are desiring...part
--- goreebeth...@aol.com wrote:
>I'm asking once again for information about
> forming partnerships- the
> LEGAL does and don'ts about drawing up the
> agreements. Ray Goree
> goreebeth...@aol.com
Dear Mr. Goree,
I am not sure what type of partnership agreement you
are desiring...part
--- goreebeth...@aol.com wrote:
>I'm asking once again for information about forming partnerships- the
> LEGAL does and don'ts about drawing up the agreements. Ray Goree
> goreebeth...@aol.com
>
I am a financial planner and my clients frequently use Limited Partnership
agreements both
Thanks, I or we, do plan to get legal help. right now I am just
trying get some info, education to prepare me fpr the trip to the lawyer's
office. Thanks for your input. Ray Goree
Thanks and thanks again. this is what I have been looking for, I believe.
I and my prospective partner will use this. Ray Goree
goreebeth...@aol.com
See this book at Aircraft Spruce & Specialty. I have it and it is very
informative.
http://www.aircraftspruce.com/nsearch.php?s=partnership
CONTENTS PAGE
Suggestions for use of the Co-Owned aircraft agreement
The Sample Agreement: an Explanation
Appendix
Summary
Sample Aircraft Co-Owners
>11. Partnerships are excellent for asset protection. A partner in a
>partnership
>is almost impossible to collect money from even if you win a lawsuit
>against
>one. However, the IRS has issued a Revenue Ruling that the party "winning"
>the
>lawsuit and obtaining a charging order against the pa
I mispoke a little in my previous post, it would be a Exculpatory Agreement
to address one's culpabiltiy. Myself and another practicing JD in maritime
law had a rather lengthy discussion on some of these issues a couple months
ago. I would encourage you to look in the archives under liability
Dana, Thanks for your input. It is timely advice and I appreciate it.
After working on my KR2S since January 1994 and had finances not work out as
planned, I have decided to go with the partnership arrangement. My present
goal is to just finish the plane and do some flying. Since I am g
Netters,
Nice to see Dana Overall and I on the same side for once.
We both agree that while Partnership agreements are relatively
simple, unless the person knows what they are doing, they should
retain an attorney. The few dollars spent are well worth
it for the peace of mind involved in knowing i
Chapter 242 at http://EAA242.org
---Original Message---
From: KR builders and pilots
List-Post: krnet@list.krnet.org
Date: Saturday, October 04, 2003 6:56:26 AM
To: kr...@mylist.net
Subject: Re: KR>Partnerships
>11. Partnerships are excellent for asset protection. A partner in a
>pa
--- Dan Heath wrote:
> I see some mention of Revenue regarding such partnerships. I would assume
> that there would be no revenue, so why is it an issue? The only purpose
> that Jerry or I would have for forming a partnership would be so that we
> would be protected from that L word, as much as
My prospective partner and I are in the process of locating an attorney. I
have no family member that would want the plane. I think we will have
provisions in the agreement that if one partner dies or want to sell, the other
partner will have first choice at buying the plane or we both must
Dan, there would be no reveenue produced that I can think of. I believe
that repairs, and maintainence, etc. would be shared according to the
percentage of ownership. Many things to consider here, isn't there. Thanks for
your
input, Dan. Thanks. Ray Goree
00 National KR Gathering host
Richmond, KY
RV-7 slider/fuselage, Imron black, "Black Magic"
Finish kit ordered!! Buying Instruments. Hangar flying my Dynon.
http://rvflying.tripod.com
do not archive
>From: "Dan Heath"
>Reply-To: KR builders and pilots
>To:
>Subject:
18 matches
Mail list logo
