"Ken Finney" wrote in message
...
I'm thinking that they are really leaving themselves open to lawsuits if
someone gets hurt due to a rough landing (or worse).

Someone I know owns a bar. She told me she doesn't carry liability
insurance.

They formed a corporation and lease the space and liquor license to the
corp, but the corp operates the bar. When someone decides to sue, they form
a new corp ready to take over as soon as the 'victim' acquires the assets of
the corp (which is nothing). The old corp goes bankrupt, and the owners
lease the bar to the new corp.

Notice: IANAL, and have only written my understanding of the process. I'm
sure there are many who will tell me I am wrong, and that it must be done
differently.

If you're thinking of opening an airfield, ask your lawyer if something like
this may work.