Re: Boating partnerships
there's a big difference in a boat club, and a partnership. the club owns the boats, the membership fees and use fees pay the maintainance. the manager takes care of the cleaning, service, cleaning up the puke left in the boat. in a partnership, the especially in a 3 or 4 person, you may have 3 who want that $3,000 loran system, and split the cost which the 4th cannot afford right now, or sees no use for. partner # 2 knocks the foot off the outdrive, and 1,3,4 expect him to pay for his neglegence. # 1 takes a boat load out for the evening partying, 2 friends get puking sick and puke all over the carpet and upolstery. who cleans it. #1 has to be in Spokan at 10am in the morning on business. just the way it goes, in a partnership. partnerships, have ruined, and caused great resentment in the best of friendships. since the beginning of time.
also the legal liabilty is tremenous. partners are 100% each total responsible for the actions of the other partners. #1 drunk runs over a pontoon boat with 15 people , kills 2, maims 5 for life. all partners a fully and equally liable.