Depreciating aircraft parts, dealing with taxes, etc.
Newps wrote:
Andrew Gideon wrote:
Most owners, I assume, have corporations which do the actual owning and
which provide a liability firewall.
Most owners do not as this provides no protection at all.
I seem to have been confused earlier. Is this for personal ownership
or are you operating a business here?
A corporation does little to help a single owner protect himself
from liability. Further all the tax stuff is void if you're not
operating it as a business (regardless of how the ownership is
held).
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