Airline Pilot Central Forums - Industry Leading without Profit Sharing??

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- - Industry Leading without Profit Sharing?? (https://www.airlinepilotforums.com/american/84063-industry-leading-without-profit-sharing.html)

eaglefly

10-04-2014 08:45 AM

Quote:

Originally Posted by Saabs (Post 1739956)

Eagle is it true that we don't get to vote on the JCBA ? Assuming they even get one before arbitration....

Yes, absent an agreement between APA and AAG (which doesn't a pilot vote as this isn't a section 6 process), the JCBA resolution goes to interest arbitration.

Thedude

10-04-2014 04:11 PM

Quote:

Originally Posted by JKflight (Post 1739974)

Sure does work that way....

He said "Don't get paid"
You have to show some kind of personal salary inside an LLC for LTD to work.
Your example is different, as in showing a profit loss/gain overall.

flybywire44

10-05-2014 09:50 AM

Quote:

Originally Posted by Thedude (Post 1739742)

Quote:

Originally Posted by flybywire44

Start an LCC, and don't get paid.

???
Did you mean an LLC?
I have never delved into the depths of an LLC or a type S corp but I am pretty sure it doesn't work that way.

I did mean LLC. Sorry for the typo.

You can also put the LLC in your child's name. Consult a reputed tax attorney if you're interested.

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