On Mar 12, 2022, at 1:21 PM, Robert Cringely <bob@...> wrote:



Don't buy the airplane, buy the LLC that owns it. No sales tax for one and reduced liability as you note.

On Sat, Mar 12, 2022 at 11:56 AM Pat Weaver <pweaver311@...> wrote:

I ran into the same issues. I noticed the previous owner had his aircraft in his LLC. I am assuming the reason being that if anything happened in his experimental aircraft they could only come back on the LLC and not his personal property? May not be a bad idea.

On Sat, Mar 12, 2022, 2:32 PM Chris Walterson <dkeats@...> wrote:

  I'm in Canada so it doesn't apply to most of you, but my insurance is
around 600 bucks per year for basic coverage. No hull. The best thing is
it is my insurance and not the airplane insurance. The company I deal
with insures me for basic coverage so I can fly most small airplanes and
still be covered for basic. Because I have more than one airplane I can
use the same policy to cover them, plus, anyone with a pilots license
living under the same roof is also covered.  My wife flew back then so
it worked out well.

  For another 100 bucks I get Liability coverage on my hanger.

When I first test flew my Dragonfly, I saw that I needed 150 hrs to do
the testing. They mentioned "type" but  figured on a 150 Cessna if you
push forward you go down and pull back you go up, so it is the same type
as the Dragonfly . That was thirty years ago and it worked out well,
mind you I did taxi a whole bunch. In the states you need a tail dragger
rating in Canada, you just need big balls.

  The question is, what does type really mean?  I used to ride a KZ1000
turbocharged and also a 60 CC Yamaha with my standard motorcyle
license.  My A license let me drive a pulp truck with 220,000 lbs gross
and a basic truck/ trailer with air brakes.

  My approach may not be for everyone.  Take care--------------- Chris


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