Claiming a co-ownership share, the Operating Agreement, the 12-month minimum hold, member-to-member transfers.
How do I claim a co-ownership share?
Pick a vehicle, complete KYC, sign the Operating Agreement and Management Services Agreement, fund your share, you're a co-owner. No accreditation required.
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What documents will I sign?
Operating Agreement (governs how you and your co-owners run the LLC) + Management Services Agreement (the LLC's contract with RYDA for operations). Both via e-signature, both reviewed by counsel.
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What does a co-ownership share actually entitle me to?
~32 days and up to ~3,200 miles per share per year (100 mi/day allowance; members hold 2–10 shares each), voting rights on material LLC decisions, and pro-rata participation in the LLC's assets at dissolution.
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Can I transfer my share whenever I want?
After a 12-month minimum hold, yes, directly to another verified RYDA member. RYDA facilitates the LLC paperwork. 3% transfer fee.
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How is a transfer price determined?
Two members negotiate directly. RYDA shares each LLC's current insurance agreed value and a condition/comparable-cost summary as context, but co-owners agree on the actual transfer price between themselves.
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What's the 3% transfer fee?
A flat 3% of the agreed price on every member-to-member share transfer, paid to RYDA. Covers LLC paperwork, KYC re-verification of the new co-owner, and registry updates.
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Can I gift a share or pass it to my heirs?
Gifts to a verified RYDA member: yes, with a transfer of the membership interest. Inheritance: yes, your share passes to your estate per your will or trust, then to your heirs after they verify.
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How does this compare to buying a car outright?
You give up exclusive use, but cut your one-time spend ~10×, eliminate operational overhead entirely, and avoid the carrying-cost math of regular ownership. Works for people who'd drive an exotic less than 50–80 days a year.
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What if a co-owner stops paying?
The Operating Agreement has remedies, typically a 30-day cure period, then forced sale of the delinquent share. RYDA's reserve covers operations during cure so other owners are unaffected.
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Can a vehicle's share count change after launch?
No, share count is fixed at LLC formation. New shares cannot be added later. Existing co-owners can buy each other out, but the total share count stays the same.
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