PilotAlan
Pattern Altitude
- Joined
- Sep 26, 2009
- Messages
- 1,775
- Display Name
Display name:
PilotAlan
Hi all, a question (and yes, I did search),
I have an opportunity to move to a tech company doing business development and project support. The principals are very positive on my having a plane, as I would be covering everything from Colorado west to the Pacific Ocean.
This is not a request for tax advice, I'm just starting to look at how plane usage would work.
I already own the plane, how do you handle aircraft expenses for business? If I am reimbursed by the company, is it straight operating costs (gas, oil, etc)?
Could I put the plane in an LLC and have the company rent its use and include annual, engine reserve, hangar, etc (I am pretty sure that would then require 100hr inspections, etc). I would imagine then that I would rent it from the LLC for personal use.
Again, I am looking for what people are currently doing, and how well it works out.
I have an opportunity to move to a tech company doing business development and project support. The principals are very positive on my having a plane, as I would be covering everything from Colorado west to the Pacific Ocean.
This is not a request for tax advice, I'm just starting to look at how plane usage would work.
I already own the plane, how do you handle aircraft expenses for business? If I am reimbursed by the company, is it straight operating costs (gas, oil, etc)?
Could I put the plane in an LLC and have the company rent its use and include annual, engine reserve, hangar, etc (I am pretty sure that would then require 100hr inspections, etc). I would imagine then that I would rent it from the LLC for personal use.
Again, I am looking for what people are currently doing, and how well it works out.