Electing Out of Subchapter K Provides Tax Benefits While Reducing Regulatory Cost

 Aviation, legal and tax professionals have historically encouraged joint owners of aircraft to hold their respective interest in the title.  The FAA has allowed for co-ownership of aircraft in its registration process, and issued interpretations as to how these aircraft may be operated.  The FAA specifically allows one co-owner to provide pilot services to fellow co-owners without violating the prohibitions banning the sale of transportation services by FAR Part 91 Operators. 

 » Read more about: HOW TO SHARE A BUSINESS AIRCRAFT IN A SINGLE LLC  »