I'd respond more timely but I'm apparently not receiving the email notification (sorry).
The $3-4,000 is for ownership. The technique is an LP with a GP. In English, the LLC doesn't provide the protection or the wide ownership needed. Our attorneys have already designed the LP (Limited Partnership) where owners of the land will be "Partners" of the LP and can buy and sell their interest at will and are not personally at risk of any law suit that may arrise out of an injury (short of it being their own fault of course). The GP (General Partner) is a requirement for the government of the LP - this furthers the span of liability issues for the limited partners. It will be a corporation for further protection for those people responsible for the operations. Since we obviously live in a suit happy world we'll all need as much distance and protection against that 1 injury that we all hope never happens and this will give much of that.
After dishing out multiples of $3-6,000 just for our machines this investment is the icing on the cake! A place to ride whenever and forever. You also asked "will they make anything over time?". Of course our desire is for everyone to purchase with
useage as their primary intent. We all will have a marketable stake in the property. We can buy and sell individually or we can all vote to sell off the whole thing. I personally would buy and use (hold). Who knows what 10-20 yrs down the road could bring as a return-on-investment though. I think it's all good!
In response to
MachineDog , we wouldn't be allowed to charge on a per usage basis. That would make this an operational business (instead of simple ownership) and the obstacles/liabilities would be tremendous. Our current technique is tough for municipalities to stop us from riding because it's our land we're riding on and we have that right. I've found no county that has prohibited the use of our own land for this purpose (with the exception of the city of "PALM BAY") Funny people they are. The city passed a law that (without coming out and saying it) requires approx 17.84 acres just to start your ATV (in the middle of the property) which is 500' from your nearest neighbor [pie r(squared)]. Who needs Palm Bay though. 400 + acres will resolve any of those issues.
To answer what I believe may be at the root of your question, we will be seeking out the ability to offer financing. Fractional ownership can be a bear to secure financing for, but we'll try.
One of the more recent statistics about ATV'rs in Florida is that there are 100's of thousands of us. We can easily open ownership riding areas all over Florida with a nominal investment. The majority of people who have signed up at our web site
www.fl-atv.com with the desire to own their own riding land are from the areas I-4 and South. The north half of Fl still needs areas because we have plenty of folks in those areas but based on the majority our first group of facilities will be South.
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but we don't quite have enough folks for our first acquisition. Word of mouth and this forum has been very effective so far.
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