On Wed, 14 Apr 2010 16:41:46 -0700, "nom=de=plume"
wrote:

Well, that certainly seems right. It would only be the two of us in the
"real" partnership. And, even that would be pretty well spelled out, at
least as far as money goes. I can't imagine wanting to sail it by myself
(and I doubt he's interested in that). I suppose he could take the boat out
with friends, but I have no problem with that.

My advice? Be very, very careful. I have seen quite a few boat
partnerships over the years and most have ended badly, some very badly
with years of legal disputes to unwind and broken friendships.

Almost everyone under estimates the total cost of ownership. It can
be really staggering at times, and it never stops. You have truly
got to love boats, and have quite a bit of disposable income to get
serious about owning part of a large boat. No two people ever seem to
agree on what expenses are necessary, what maintenance must be done,
or what equipment needs to be purchased. Some of those decisions are
difficult for one person to make let alone a committee.