Has anyone worked with an attorney to set-up and LLC for a co-owned plane in the Atlanta area? Looking for recommendations. I've got a list from AOPA, but I don't know any of them.
Recommendations for Aviation Attorney for LLC - Atlanta area
- Thread starter wayne
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ChemGuy
Cleared for Takeoff
When i bought into my partnership a few years ago I used Monroe Feldman to review the bylaws, LLC, etc. He provided a nice report on how the bylaws were (legally speaking), LLC, etc. that made me feel like I wasnt buying into a (potential) legal mess.
Good luck
Good luck
What you need is a successful partners' "boilerplate" (their agreement) covering all the things that need to be covered (and there are a lot of them). That and partners that can pay their bills (and are reasonable). The disputes happen when someone cant payup. Agreement has to address that. Ask the potential attorney if he knows how aircraft are titled. If he doesnt know, not a good sign.
Thanks! He's on the list.
We have the AOPA partnership boilerplate and have made updates for how we'd like things to run.
midlifeflyer
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I don't recall - anything in there for when a few partners want an avionics upgrade and others don't other than majority rules? (Is there a majority?)
What if a member dies? Anything special for that?
Yes and yes.
Just two of us. Yes, that could result in issues as the only majority is complete agreement. Fortunately we do very similar flying and have pretty much the same perspective on it.
Just two of us. Yes, that could result in issues as the only majority is complete agreement. Fortunately we do very similar flying and have pretty much the same perspective on it.