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#21
May 11th 07, 03:30 AM
posted to rec.aviation.owning
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Depreciating aircraft parts, dealing with taxes, etc.
On Thu, 10 May 2007 21:50:58 -0400, Andrew Gideon
wrote: Does single owner/single aircraft reduce the protection of the corporate veil? Is that very different from two owners, or twenty? If you have a partner who is flying the plane when he does something stupid to crash it you are protected from personal liability unless it can be shown that you had reason to believe he would do something stupid. The corporation is toast as is the partner who was flying. If you are a single owner the corporation offers no protection. 
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