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Old May 11th 07, 01:33 AM posted to rec.aviation.owning
Newps
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Posts: 1,886
Default Depreciating aircraft parts, dealing with taxes, etc.

A corporation with the aircraft as the only asset and only one officer,
the owner of the plane.





Matt Barrow wrote:

"Newps" wrote in message
. ..


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.



Depends on "who" the corporation consists of, and for what purpose.