Cessna 210 Lease or Flight Club?
Robert M. Gary wrote:
I can see some legal problems. What are they buying with the $1200
deposit against? Are they buying part of the plane or part of the LLC?
If they are buying the LLC then each member after the first would get
a portion of the money paid by additional members. One member
(yourself) cannot get a higher % of new member buy in money than
existing members get (using member in the LLC context).
-Robert
Depends who they bought part of the LLC from? Also I am guessing the
obvious, that the company owns all of the aircraft.
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