Thread: part owner
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Old January 11th 05, 08:16 PM
TaxSrv
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"Jon Kraus" wrote:
We set up a Limited Liability Corporation to cover us in
case of an accident....


What liability are you referring to? In the case of an accident, that
would be potential tort liability, in which case it is the pilot of
the aircraft who gets sued, not just the LLC.

Fred F.