Jump to content

Setting up an LLC for new plane?


74657

Recommended Posts

Thoughts on setting up an LLC for my new plane?  I currently own my AA-5B as an individual.  I will be using the plane for business use as well as personal use.  I have ownership interest in 2 businesses, both as an individual.  My thoughts are setting up "ABC LLC" and running "business" percentage of expenses through the LLC and claim my personal use at the end of each tax year.  Financing of the aircraft is currently setup to be done using my personal credit.  My Tiger is fully paid for.


Thoughts?

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.