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Old May 11th 07, 03:32 AM posted to rec.aviation.owning
Newps
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Posts: 1,886
Default Depreciating aircraft parts, dealing with taxes, etc.



Andrew Gideon wrote:


Does single owner/single aircraft reduce the protection of the corporate
veil?




It eliminates it. You cannot get out of personal liability with a scam,
which is basically what a one owner/single aircraft is. It would take
an average lawyer no time at all to get pierce this. If it were really
an effective protection device how come you don't have one for your
house or your cars?