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Old 11-20-2018, 12:52 PM
lr172 lr172 is offline
Join Date: Oct 2013
Location: Schaumburg, IL
Posts: 3,701

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.

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?

RV-6A / IO-320, Flying as of 8/2015
RV-10 in progress
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Old 11-20-2018, 03:11 PM
f14av8r's Avatar
f14av8r f14av8r is offline
Join Date: Apr 2012
Location: Tampa (Wimauma actually)
Posts: 403
Default Affordable! Ha!

Affordable and the words South East Florida do not coexist.
Randy King
Tampa (Wimauma), Florida
RV-4 N212CS (sold)
RV-8 N184RK (flying)
Flying an A320 to pay the bills
Exempt and gladly donating anyway - Current through Jan 2019
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Old 11-20-2018, 06:49 PM
Steve Steve is offline
Join Date: Jan 2005
Location: Roy, Utah
Posts: 1,082

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.
Five Sierra Fox
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