Decide How to Hold Title
Number of Take-Offs Equals Number of Landings (Hopefully)
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Will the plane, hangar rent, and other liabilities be in the name of both partners or an entity? If an entity, will it be a partnership that allows a membership to be transferred (with approval), a limited liability company (LLC), an S corporation, or some other legal entity? Work this all out in advance to make your partnership run smoothly.

QUOTE:
"Man cannot discover new oceans unless he has the courage to lose sight of the shore."
-- Andre Gide

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