BrettD

For liability, yes if you are involved in a plane crash with a high dollar value lawsuit then it probably won't matter (unless you can convince the court that it is a separate business leasing entity). They are going to look up LLC and start researching it). LLCs do provide ability protection however (it's in the acronym!). It can create a firewall between assets. In some states even if you have a charging order you cannot force an LLC to disburse assets. You can be sued for literally anything. Defamation of character, slips on your property, and minor car accidents. Having your assets segregated, complex, and difficult to locate will help you and can even prevent frivilous lawsuits. Ideally you own nothing and are a pauper on paper... no planes, real estate, stocks, bonds, vehicles, etc. You want to control assets, not actually own them personally. If assets are in your name, they are much easier to locate(simple 60 second search) and collect with a judgement. Many states allow you to form an LLC and have no sales tax. You can buy the plane in an LLC and potentially not pay sales tax, but it depends regarding state law where you reside and if you plan to bring that plane to your home state. Many people are already doing this to buy supercars, saving tens of thousands of dollars in sales tax.

"I don't have to work hard to find out who to sue with an LLC." Well, you are assuming you know that an LLC exists. If someone is suing you they aren't going to understand that you have LLCs, what LLCs you hold, what states they are in, and what assets they hold. Once you know the LLC exists then you would need a court order which is going to waste a lot of time and cost money. Again, simply taking basic steps so your assets aren't easily accessible public records that can be found in a 60 second query can be enough to stop lawsuits cold. If the LLC is properly managed in many cases it can be shielded from liability so that there is no way to easily get a judgement.

Not all litigation involves a seven-figure airplane crash. Remember that someone can sue you if they fall in front of your house because it was slippery or "didn't have the right kind of railing". Or they can magically have "back pain" in a minor car fender bender. Someone like yourself has assets under your name? That makes you an appealing target for litigation. The lawyers look your name up in LexisNexus and lick their chops, they love people with collectable assets that are easy to locate.

Generally you don't want to own any assets personally, you want to control them. I have my airplane in an out of state LLC. It provides anonymity because when you check the N number it doesn't have my personal information. An LLC can stop lawsuits cold because typically a lawyer will use a system like LexisNexus to determine what kind of assets can be seized to pay judgements. If they see you have tons of assets then they'll pursuit litigation... if you don't have any assets(houses, businesses, investment accounts, bank accounts, vehicles, etc) they may conclude you are a pauper and it isn't worth their time (there's no point winning a lawsuit if you cannot collect). Lawyers can try to figure out who owns an LLC, but is not a simple computer search. It involves a lot of red tape, courts, and discovery. It might not be worth their time and they would have to know the LLCs exist to begin with. In some cases you can also avoid paying sales tax on the purchase by using an LLC in a state with no sales tax.

Thanks... I might try to pull some circuit breakers when I get a chance and see if I can diagnose it any further. That might help me figure out where the HSI is getting its data from.

Thanks for the thoughts... The track seems to always be wrong if that makes sense. I would think if the magnetometer was mis-calibrated then the attitude indicator would show a wrong heading(it is correct) but maybe I am missing something. The other day I was flying a 110 heading in light wind for like 5 minutes and the track was 130 on the attitude indicator the whole time. In the photo I sent the heading shows 077, the garmin 430w track shows 077, but the HSI magically shows 098... I don't even know where that number is coming from.

Hey there I was hoping to get some guidance. I have dual Garmin G5's with a 430w, gad 29B, and a GMU11 magnetometer and no autopilot. My problem is the G5's magnetic heading disagrees. The attitude indicator is spot on the money and agrees with my compass, but the HSI is always 20 degrees off. It makes it really confusing trying to fly approaches. Things I have tried include reading through all the manuals, updating to the latest firmware on the G5's, and going through the configuration pages and making sure all of the settings are correct. Screenshot: Attitude indicator shows the 077 correct heading (matching compass), 430w shows 077 track, and the HSI magically gets 098 from somewhere. I am not sure if anyone had some ideas that I can try to diagnose the issue

I would probably repair the KX155. I like the simplicity of those radios, they work well. Big displays, tactile buttons, and no touch screens.

Thanks I will try to reach out to Mcfarlane... I believe it is the original cable. I looked at some other M20B models on trade a plane and they seem to have the identical setup.

Thank you, I was looking at McFarlane and it looks like their throttle is only certified for the M20C? I have the M20B. And it's out of stock unfortunately. Is there any way to repair the button on my cable? or is it a lost cause and needs replacement?

Hey there I just bought an M20B and I am having some problems with my throttle. I believe the part number is 660190-003. The button is stuck inward, causing the throttle to move around freely. It was somewhat dangerous because when you put the throttle in idle it slides itself in and starts adding power when you are trying to land(float \ bounced landing) if it is not held outward. Is there some way to remove the button\knob and repair it? I looked all over the internet but never found anything. I wanted to see what the best options are.