pilot716 Posted February 10, 2011 Report Posted February 10, 2011 If anyone has an operating agreement they could send me so I can fine tune ours would be appreciated. It should be for an LLC plus a bank note/lien/loan info. ie; mainly if someone wants out, how does that work? or bring in someone new to replace? what about initial deposit/down payment? would they get a portion back or take from new person buy in? if any one could advise on this. I have already spoken with an AOPA atty. it just would be more cost effective to do it on our own and just have them review it. One of the Mooney pilots was gracious enough to send me one, and we were able to use most of the info, but it did not have a bank note on the aircraft & this is our most important item.
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