buy in calculation

Sat Apr 18 12:41:42 EDT 2009

 > I am not a lawyer , but I think in a limited liability corporation the individuals are responsible for their portion of the note. 

 > I personally would borrow $ 2000.00 if I had to , and I think that's equal to 17 rental hours on 976 or 081. I'm sure we could find a plane that's 

> better than the flight school beaters. At least you'll have 15 people with some equity in a plane that is worth $30,000. Maybe Todd B is willing to > guarantee the  remainder of the note,whether it's an additional $10 or 15 thousand. Each individual can sell their equity share if they decide to leave , > or if they find they are not happy with the club. If you are only paying short money to join the club ,there isn't much of an incentive to make it work. 

> Bill Mc 

balance----- Original Message ----- 
From: "Bob Irving" < rhirving @ verizon .net> 
To: "Eagle East Flying Club Core Team" <eefc-core@ workingcode .com> 
Sent: Saturday, April 18, 2009 11:45:30 AM GMT -05:00 US/Canada Eastern 
Subject: RE: buy in calculation 

Are you proposing a partnership ? 

-----Original Message----- 
From: eefc-core-bounces@ workingcode .com 
[ mailto :eefc-core-bounces@ workingcode .com] On Behalf Of 
williammccann @comcast.net 
Sent: Saturday, April 18, 2009 9:24 AM 
To: Eagle East Flying Club Core Team 
Subject: Re: buy in calculation 

Why not look for something decent outside of Eagle , form an LLC and 
increase the buy in to $2000.Maybe there are individuals outside of the core 
group who are willing to invest in something they will enjoy to fly or train 
in. 
Sent via BlackBerry by AT&T 

-----Original Message----- 
From: "Bob Irving" < rhirving @ verizon .net> 

Date: Sat, 18 Apr 2009 08:30:19 
To: 'Eagle East Flying Club Core Team' <eefc-core@ workingcode .com> 
Subject: RE: buy in calculation 

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