However, running a business costs money, you may not want the formality, costs and increased security of a corporate structure and a shareholder pact in this case an agreement like one of them is perfect. Carpool clubs and similar associations without legal personalities do not have a separate legal identity from those involved in the management of the club, unlike companies. This means that club members jointly bear the risk of debt incurred by any other member of the group using the vehicle used together. The use of a written legal agreement will allow shareholders to share most of these risks among themselves. There are different types of vehicle sharing systems. At one level, there are commercial operators who operate similar leasing services with vehicles available on time or during the day. At the other end of the spectrum are the many informal sharing arrangements that exist between friends, partners and siblings when a vehicle is used jointly by members of the same family or community. This fact sheet describes the second variety of car sharing, where several people gather to share the ownership or use of the car, but do not necessarily travel together for the same trip. These agreements are essentially informal car clubs. The fraction of ownership of a road vehicle of any kind, whether it is a car, a motorcycle or a caravan, requires an agreement that determines not only who owns what share, but also a legal framework that takes into account decision-making, responsibility for maintenance and repair, berthing (access and protection) of the vehicle and , of course, the use of the vehicle, when and for how long. Cars The term “car sharing” has different connotations for different people.