|
| If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. |
|
|||||||
|
|
Thread Tools | Display Modes |
|
#7
January 11th 05, 11:27 PM
|
|||
|
|||
TaxSrv wrote: "Jon Kraus" wrote: We set up a Limited Liability Corporation to cover us in case of an accident.... What liability are you referring to? In the case of an accident, that would be potential tort liability, in which case it is the pilot of the aircraft who gets sued, not just the LLC. After my friend's accident, his partner was sued by one of the passengers. His only connection to the accident was a part ownership in the aircraft. The pax had lost wages well in excess of the insurance limits. -Robert 
|
| Thread Tools | |
| Display Modes | |
|
|
Similar Threads
|
||||
| Thread | Thread Starter | Forum | Replies | Last Post |
| How safe is it, really? | June | Piloting | 227 | December 10th 04 05:01 AM |
| making the transition from renter to owner part 2 (long) | Journeyman | Piloting | 2 | April 15th 04 10:19 PM |
| making the transition from renter to owner part 1 (long) | Journeyman | Piloting | 0 | April 13th 04 02:40 PM |
| "I Want To FLY!"-(Youth) My store to raise funds for flying lessons | Curtl33 | General Aviation | 7 | January 9th 04 11:35 PM |
| PC flight simulators | Bjørnar Bolsøy | Military Aviation | 178 | December 14th 03 12:14 PM |
Threaded Mode