I am not a small boat guy so I will leave those questions to someone who
knows something.

I do however have a good bit of partnership experience.

First decide how the partnership ends. How many partners to end it and how
to do it...Get that in place before you buy anything.

Second decide how a partner leaves. Do he sell his share or simply walk
or...

Third decide how costs are divided up and paid. Note that this is related
to prior and next item. Have clear plans for repairs and maintenance.
Unless someone is well suited to the role pay an outsider to do them. More
expensive but it vastly limits partnership friction.

Fourth decide how the boat is scheduled. I recommend a regular schedule of
"ownership" with the owner allowing other partner usage as he sees fit.

Fifth - Write it all down. You will be sorry if you don't...and it may well
cost you a friend or a lot of money.

Jim
"BooBoo12321" wrote in message
. net...