Brad W
Pattern Altitude
This survey is meant only for folks who own an aircraft individually, just for personal PPL type useage.
not partnerships or clubs
not leasebacks or other business situations
etc.
The other thread currently running about buying an experimental, has gone off onto a conversation about the merits of LLC registration ( or lack thereof)
Gist as I understand it is
- it offers no real personal liability protection
- and the only real reason or advantage to do it is for things such as adding or removing partners and or selling the whole shebang without tax penalties
So I'm curious, as a percentage, how many folks just register their planes in their own names?
not partnerships or clubs
not leasebacks or other business situations
etc.
The other thread currently running about buying an experimental, has gone off onto a conversation about the merits of LLC registration ( or lack thereof)
Gist as I understand it is
- it offers no real personal liability protection
- and the only real reason or advantage to do it is for things such as adding or removing partners and or selling the whole shebang without tax penalties
So I'm curious, as a percentage, how many folks just register their planes in their own names?