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Old March 21st 09, 09:44 PM posted to rec.aviation.owning
Linton Yarbrough
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Posts: 18
Default Cessna 210 Lease or Flight Club?

On Fri, 20 Mar 2009 13:37:52 -0700 (PDT), 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


WTF are you talking about? An LLC can be constructed anyway you want.
--
In the days of really long hair, military people
of the day would have been courts martialed for
having buzz cuts and no facial hair had they been
in Custer's 7th Cavalry.