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Sharing ownership with friends or co-workers might not be a good idea..
This has to be a business relationship and can easlily become a disaster if one or more partners cause problems.. If you and any of the other have never owned or operated a boat before, then there is going to be problems.. First, a boat takes a lot more work than just launch and recovery.. The first season on a new boat may seem relatively cost, labor and maintenance free, but each year, these factors go up.. Especially if they are neglected.. If your going ahead with this, I recommend you put together a partnership agreement with the help of an attorney.. Cover all possibilities of one or more partners being totally in competent jerks. You can bet that eventually there will be.. Have I tried this? Nah! I have enough problem dealing with family/friends who are guest.. -- My opinion and experience. FWIW Steve s/v Good Intentions |
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