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#1
January 12th 04, 01:45 AM
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Saryon wrote: I'm only puzzled as to why, if they did not care to ensure the corporation was conrtrolled by US Citizens, they would bother to write up a 2 page memo detailing a two pronged test including a requirement that they required 75% control of an LLC by US Citizens, and then going on to detail the various paperwork acceptable to meet the test. If the company can be foregin owned/controlled, why would they care or ask whether an LLC formed under the laws of any US State is controlled by US Citizens? The way I interpret the regulation, you can form a U.S. corporation that has 75% U.S. ownership for the sole purpose of owning the plane. A foreign corporation must be "doing business" if it wants to own a plane here. George Patterson Great discoveries are not announced with "Eureka!". What's usually said is "Hummmmm... That's interesting...." 
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