Cruisers Forum

Join CruisersForum Today

Thread Tools Rate Thread Display Modes
Old 06-09-2005, 04:08   #1
Registered User
seades's Avatar

Join Date: Sep 2005
Location: Adelaide, South Australia
Posts: 2
Yacht sharing (Syndication) - pitfalls


I am looking at starting a small cruising yacht syndicate here in Adelaide Australia. This would be a private use, time share syndication basically to share costs and ensure the yacht gets reasonable use. I am looking for 3 or 4 shares at around $50K.

Do you have experience with syndication?
What has been your experience?
What legal structure (if any) did you set up to administer the group? A contract note or a partnership or what?
Is a legal structure really necessary for 3 or 4 members?
What about insurance hassels for those unforseen disasters?
Did anyone decide not to pull their weight?
How much of the maintenance did you do as a group and how much was contracted out?
How long did it last and would you do it again?
How did you handle the provisions regarding selling a share when one party wants "out".

Let me benefit from your experiences... all comments welcome.

seades is offline   Reply With Quote

Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Thinking Cuba ? Think Again ! bobola Health, Safety & Related Gear 116 31-01-2015 06:38

Copyright 2002- Social Knowledge, LLC All Rights Reserved.

All times are GMT -7. The time now is 18:08.

Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2018, vBulletin Solutions, Inc.
Social Knowledge Networks
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2018, vBulletin Solutions, Inc.

ShowCase vBulletin Plugins by Drive Thru Online, Inc.