Syndicate ??

[Riley]

 

A like-minded acquaintance and myself are mincing around the possibilities of a partnership/syndicating of his "almost-ready-to-fly", two place, Cat 19 kit build machine. Both of us are unschooled in (and slightly apprehensive about) what is involved in entering into such an agreement. Can any one advise if there is a standard format that is followed in such arrangements? If so, how can we access same? Failing that, would appreciate any and all advice/pointers on what we should address in our deliberations. At entry level there is absolutely no area of potential mistrust but we'd both like to have some preliminary idea of where the bends might be in the road. Standing by for some wise counselling.

 

Cheers Riley

 

 

[Captain]

Suggest you drop a PM to forum member Roger in YNAR who is part of one in a J230 and who should be able to give you good sensible info on structure, conditions and the do's and don't's.

 

 

[Guest Roger]

Suggest you drop a PM to forum member Roger in YNAR who is part of one in a J230 and who should be able to give you good sensible info on structure, conditions and the do's and don't's.

Thanks Geoff - jobs done - Riley has the pm....

 

We have a very affordable arrangement which is keeping our 6 syndicate members happy with as much flying as wives will allow

 

We use a standard constitution with only 2 additional clauses which state under what circumstances the aircraft maybe flown by non syndicate members and the other sets out conditions for exiting the syndicate.

 

It really is important that all parties are totally engaged when setting up your syndicate - like most things that come unstuck lack of communication is generally the root cause....

 

Cheers

 

Roger