On 17 May 2006 09:22:53 -0700, "BigGuy" wrote
in .com::

so I'm looking into various
partnership setups to help offset costs such as fractionals,
co-ownerships and leasebacks.


Here are some issues to consider:

1. Each member of a true partnership is responsible for debts
incurred by other members.

2. Each time a 'share' in the aircraft is sold it is subject to
state personal property/use tax, unlike the transfer of corporate
stock certificates.

3. The state of Nevada (and Oregon) has no personal property tax
for aircraft.

4. ...

Do a little research here http://www.corpmakers.com/ before you
reach a final decision.