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Old December 1st 06, 12:30 AM posted to rec.aviation.piloting
Peter Duniho
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Posts: 774
Default Shared Ownership 1987 Mooney M20J [warning: Long response]

"Jim Macklin" wrote in message
...
[...]
Incorporation and owning shares protects your assets.


Incorporation and owning shares MAY protect your assets. If you are in any
way principally responsible for the maintenance and operation of the
partnership and airplane, the corporate veil may not protect you.