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  #11  
Old 11-20-2018, 01:52 PM
lr172 lr172 is offline
 
Join Date: Oct 2013
Location: Schaumburg, IL
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Quote:
Originally Posted by RONSIM View Post
are the only way I could ever afford to own/operate an airplane. I have owned 18 airplanes in my lifetime, always in partnerships of 1-7 others. Hangar rents, maintenance, insurance, upgrades, etc. are always more affordable. The airplane gets the care it needs and gets flown more often.

You don't have to give up ownership to have partners --- an "operating" partner works fine. Share expenses, but not ownership --- insurance is never a problem with such an arrangement. We generally go with "named" pilots.


I have never had a serious issue with a partnership.

Just my opinion.

Ron
Sorry for the thread drift. Has your research showed that it is ok to share expenses with non-owner partners in an experimental plane? I am interested in this approach, but understood the rules to state that expenses couldn't be shared for exp aircraft, except with other owners. Can you help educate me on this?

Larry
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  #12  
Old 11-20-2018, 04:11 PM
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f14av8r f14av8r is offline
 
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Location: Tampa (Wimauma actually)
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Default Affordable! Ha!

Affordable and the words South East Florida do not coexist.
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  #13  
Old 11-20-2018, 07:49 PM
Steve Steve is offline
 
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We call it the sunshine tax down here. It offsets the no state income tax, no tax on food, no tax on 'scripts and the (welcome) departure of snowbirds every six months.
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