I've never been in a company syndicate for an aircraft, but I think many go this way becuse they believe they have greater protection from third party liability. owever, as company directors, they may just face liability in a different way.......
Another hint on groups before buying......
Try to establish whether the group plans for big expenditure in line with when its expected, or whether it carries on happily and apparently cheaply, then when expenditure is needed it means everyone has to dip into their pockets....
easy example - engines. If an engine is coming up for major overhaul or replacement, is the group kitty wealthy enough to pay for it?
Same can be said for wobbly props, retractable gear, paint jobs, nav refits, major CofA work, etc.
If been in groups with different ways of pproaching this. If you dont mind having to suddenly stump up £1k to contribute to a new donkey, then fine.... just make sure you know how they operate at the outset.
By the way, if you plan on owning outright, adopt the same mentality - set up a spreadsheet based on worst case scenarios and work out whether you REALLY can afford that dream machine.
People always have a reason for selling, and its not always poverty or illness...