US resident , no greencard, buying a glider in the US

Charlie Papa wrote:

I'm a Canadian, but post most of my flying in my own ship in Florida
during the winter. I have mused on US registration for a while, and
my approach would be to check with a lawyer the following:

Create a Delaware corporation (great liability protection and no sales
tax) online cheaply. Lend the purchase price to the corporation as a
debenture, secured by a lien on the glider. Lease it to yourself for
$1/year net (you pay the maintenance and insurance), plus the costs
for corporate filings, with an option to buy for the purchase price.
You’ll need a US citizen to be the shareholder and President. He can
have the $1.

One attraction of the US registration to me is the no-medical-required
glider licence. I wrote the exam and did the flight test last year to
get one, and it was very timely as Transport Canada Licensing pulled
my medical when I contracted throat cancer this summer. I could even
take this glider to Canada and fly it there on the US ticket. I'll
follow the thread to see what you come up with.


This idea of a debenture and a lien etcetera etcetera is way more
clockwork than the process needs. Delaware corporation?
KISS remember?
Talk to a one man lawyer - preferably a hungry one....
There is a delay of several weeks before the pieces come together. It
doesn't take long, and you don't need a financial whiz.

Brian W