Depreciating aircraft parts, dealing with taxes, etc.

On Thu, 10 May 2007 18:33:24 -0600, Newps wrote:

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

In my particular case, I'm speaking of a corporation owned by 45 members
which owns four aircraft. But I'm guessing that the difference between
this and other organizations is more of scale than anything else.

Does single owner/single aircraft reduce the protection of the corporate
veil? Is that very different from two owners, or twenty?

- Andrew