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Old March 23rd 09, 07:21 PM posted to rec.aviation.owning
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Default 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.