Potential Pitfalls of group ownership ?
I've recently been considering joining a group at my local airfield.
I currently use a non-equity scheme but we're fairly restricted hours wise (max 3 hours) because we use school aircraft.
My question is - what are the potential pitfalls involved in group ownership ?
There is one currently up, but I heard that one person gave their share away. This made me wonder if there are possibly some financial obligations - such as, the engine needs replacing and we need a couple of grand off everyone in the group, or that sort of thing ?
Anyway, any feedback would be gratefully recieved.
Thanks.