Posted by bc on October 27, 2010 at 21:59:12 from (71.158.209.228):
In Reply to: airplane partnership posted by dave anderson on October 27, 2010 at 17:55:20:
I was in a corporation as a part owner once and sold out. Used to be a good deal until certain insiders changed the bylaws to their benefit. Now they are short on people wanting to buy in. Cheaper to rent than get involved in another deal like that.
Dave, join the AOPA. Pay the extra fee for an aviation attorney assistance. The AOPA has all the information, both legal and insurance wise, that you need. Has to be set up right to avoid being a carrier for hire. And once you add more pilots, the insurance skyrockets. The only way those deals work for someone is if they really fly a lot of hours. Those are hours shortening the life of your plane and engine. Good luck.
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Today's Featured Article - A Lifetime of David Brown Tractors - by Samuel Kennedy. I was born in 1950 and reared on my family�s 100 acre farm. It was a fairly typical Northern Ireland farm where the main enterprise was dairying but some pigs, poultry and sheep were also kept. Potatoes were grown for sale and oats were grown to be used for cattle and horse feeding. Up to about 1958 the dairy cows were fed hay with some turnips and after that grass silage was the main winter feed. That same year was the last in which flax was grown on the farm. Flax provided the fibre which w
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