"xyzzy" wrote in message
ups.com...
There was some discussion of this concept in the newsgroup before,
with the consensus seeming to be that an individual owners get no real
protection putting his personal airplane under corporate or LLC
ownership. And now it turns out he might lose some protection, because
LLC owners are not covered by some states' consumer protection laws,
see:

http://www.avweb.com/eletter/archive...ll.html#195375


That discussion you reference led me to find this article on AOPA's site; I
haven't seen it cited here before, and since the topic has been
re-raised...:

http://www.aopa.org:80/members/files..._overview.html

Bottom line, I've decided NOT to hold ownership of my (as yet theoretical)
airplane in a corporation. If my circumstance change (take on one or more
partners, enter a lease-back, etc.), I'll re-evaluate that at the time. I'm
still taking contrary opinions, if anyone would care to explain to this rank
newbie why he needs to incorporate!!
--
Doug
"Where am I to go/Now that I've gone too far?" -- Golden Earring, "Twilight
Zone"
(my email is spam-proofed; read the address and make the appropriate change
to contact me)