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Limited Liability Company (LLC) › Aircraft

Baker Donelson

Many Corporate Aircraft Operators are Operating Illegally Without Realizing it – The Flight Department Company Trap

Baker Donelson on

The flight department company trap is a unique facet of aviation law that takes the liability protection of a Limited Liability Company (LLC) and turns the LLC into a liability itself. If your aircraft is owned by an LLC and...more

Foley & Lardner LLP

A Primer on Structuring Aircraft Ownership: Avoiding Illegal Flight Department Companies

Foley & Lardner LLP on

Many aircraft purchasers fail to adequately consider how the ownership should be structured. A typical approach is to purchase the aircraft in a newly-formed limited liability company wholly-owned by an individual or an...more

Buckingham, Doolittle & Burroughs, LLC

Ohio Sales & Use Tax: Resale exemption denied where lease amongst related parties lacked a substantive business purpose.

Buckingham, Doolittle & Burroughs, LLC on

Businesses commonly use what is referred to as a “dry lease” to obtain use of a corporate aircraft for several reasons. One benefit of these arrangements is the lessor’s ability to claim the resale exemption on the aircraft’s...more

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