Sharing a boat

[BigEasy1]

Do most recommend forming an LLC for the boat partnership?
Also, is there difficulty obtaing insurance for the partnership?

David

[BigEasy1]

What kind of scheduling arrangements do you use to to ensure that all partners have equitable sailing time? Are there any online services that are availble to facilitate scheduling?

[Shipislandpirate]

AHOY.....Jeff....Could you please email me a copy of the Generic Partnership Agreement..It would be greatly appreciated....

Fair Winds....

John

[trailblazer1229]

Originally Posted by BigEasy1

What kind of scheduling arrangements do you use to to ensure that all partners have equitable sailing time? Are there any online services that are availble to facilitate scheduling?

Google calendar. Make it public and you and your parnter can see what each other is planning.

[Qben]

I'm going to second the Google calendar suggestion. I have loaded a perpetual shift calender for both myself and my partner, so we always know when the other is working. This is incredibly useful because he is a police officer and I'm a firefighter, so we both have schedules that change every week (thought it repeats about every 2 months). There is a seperate overlay (calendar) for "boat time" and we just fill it in on a first come/first served basis, with a spirit of cooperation of course, and trying to work around each other's work schedules and vacation plans as much as possible.

Changes to the calendar can be made by either party and are immediatly viewable from any internet connected computer.

On the partnership subject, I couldn't be more happy with it. It's all about finding the right partner and I place a considerably higher value (both satisfaction and monetarily) on the partnership than I do on the boat. I doubt I will ever own a boat by myself unless it's after I retire and I want to be gone for months at a time.

Qben

[klcmass]

Jeff or amthesailor - Would you please send me the agreement as well? As this is my first post I can't send private messages or insert an email. Ugh! klcmass is the email and it is at yahoo.com Thanks!

[BenBo]

Originally Posted by Jeff_H

The partnership agreement would make a very long post (even for me). If you want a copy, email me and I would be glad to send an blanked out copy.

Jeff

Jeff,
Can you send your Partnership Agreement that you refer to in you comment above. I recently put a deposit on a 1984 Ericson 30 Plus and have a partner in mind who has helped me for 7 years with cleaning, waxing, maintenance and installing improvements on my current boat, a Cal 25. I'd like to see how you have addressed the various situations that can arise with joint boat ownership.

Ben Bo

[OutnAboat]

We are both looking for a partner for our Lagoon 440 catamaran and wondering how to make our short list? How do you know in advance if you are all going to get along during a stressful time, when you can't tell this about someone until its too late and you're in a stressful moment - you can't trun around and say "OK" its time to review our choice... Ha Ha ist too late.

Anyway happy to see these discussions here as we go thru the partnership search.

Thanks Riitta + Connor

[Minnewaska]

Is this a record. A thread brought back to life twice?

Well, since it's back and won't go away, I'm in with some comments.

A partnership is always the first ship to sink. The relevant language is how you get out, not in. More importantly, only accept a partner that you are confident has the financial means to take you out. Never take a partner because you couldn't afford the boat on your own or if you are not able and willing to sell it at a discount to dissolve the partnership. That is the risk of having a partner. Only take a partner because the risk of it going badly, is compensated for you possibly being able to sail at half cost. They aren't bad, just be a Boy Scout and Be Prepared.

[MSISLANDER32]

I am currently in a partnership and it works great. We deposit 250 each into a checking account in our name solely for boat expenses and slip fees. All repair fees and parts required come out of that account for a 50/50 share. It does not matter who broke it or who it stopped working for we pay for it. We also call on each other when there is good sailing weather.