Quote:
Originally Posted by NuGuy
Heyas Hoser,
The biggest thing(s) with an airplane partnership are:
1) Make sure you set up a LLC for liability purposes. If you are a sole owner/pilot, a LLC won't do you much good, but if you have someone else who regularly flys the airplane, then I would seriously consider it.
Most states have gotten around LLCs these days for tax purposes.
2) Make sure your partner and yourself are on the same page. If you get into a partnership where you are nit noid about MX, or want to do some upgrades (or in the case of the Stinson, restoration work) and your partner is not, then that will cause trouble from the get go.
3) Don't plan on going cheap. Sure, that tie down will work, but after 3 months, you'll see what the sun and WX does to an airplane, and it will make you cry. Certain parts of the country may really test your wallet, and costs can vary wildly.
4) Finding a quality A&P and a reliable shop (unless you happen to be a A&P) is virtually impossible unless you do a lot of research and/or trial and error. Less of an issue for the 172, WAY more of an issue with the Stinson.
5) Plan on spending %10 of the airplane's value in the first six months to fix things missed on the pre-purchase, or spooling up the airplane to meet your standards.
PM me if you want....
Nu
Thanks for the info. I loved flying the old Stinson's. I flew two, one with a Franklin and the other was a super stinson. Here's an old pic from the beginning of my flight from SE Alaska to Eastern Washington....
Hey ALPA!!!!! ^^^^^^^^^^^This is why I need a raise. I want one of these please!!!!