Quote: jetdriven
We basically used the APA and AOPA contract. They are about the same. Becca and I have posted thoughful discussion previously on this board. Search.
More important than any piece of paper, is the philosophy shared by potential members. Earning potential also matters greatly. For example, in our partnership, we all 3 make between 80k-100K. One partner is regarded as a excellent mechanic and MX planner (who can't balance a checkbook), one is a whiz with numbers, spreadsheets, money and finance (and can't measure gear prelaod), and one is good at keeping track of logs, bank accounts, and allocation of funds (but suffers analysis paralysis). We each contribute, and we have 100% coverage.
If you have a LOP 65% operator who gets into a partnership with a "25 square full rich" owner there is going to be conflict. Once saves while one wastes. Some folks like the newest 50K set of radios, new paint, and Aspens in the first year. ome want a rental where they show up, fly, and leave it sitting with seatbeltsa on the floor and bugs covered. . One likes to "call the shop when it's ready", while one wants to maximize owner-assist or performed maintenance. Depending on your attitude toward owner maintenance and upgrades, your M20F can cost betwen 8K a year of it never flies, to 25K r much more. Proceed with caution.
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