How does one purchase a share in an LLC which owns an airplane?

Shawn wrote:
: his 1/3rd share and accept the new partner? Do voting rights
: automatically come with the purchase? Are there any documents I should
: ask to see or get copies of?

I would attempt to find out from the attorney who set up the LLC to begin
with. At least in Massachusetts, these questions should be spelled out in
company bylaws. (My dirct experience is with my S-corp, but in MA LLC's
operate the same way).

You could also query the Secretary of State's office in the state the LLC
company is based in. Sometimes (at least in MA, again) the corporate
records and bylaws are available on the internet from the Sec. State's
office.

: I do plan to speak with an attorney (general practice, not aviation)
: about this later this week. I would just like some initial
: understanding and perhaps advice on questions to raise.

--
Aaron Coolidge (N9376J)