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Real Life
Fortunately, airplanes crashes are rare. Unfortunately, those that do occur are almost always catastrophic. Rarely does everyone survive, and often planes collide with one another or into buildings causing even more collateral destruction.

If such a catastrophe involves an airplane owned by you personally a plane in your name and not owned by another entity - your personal assets will be at risk. Placing the airplane into an entity - specifically, a Delaware LLC or Delaware corporation - is a wise and prudent way to shield your personal assets from the consequences of a crash.

Benefits of Incorporating in Delaware

* Limited liability
* Asset protection
o Homesteading & Insurance
o Delaware Family Limited Partnerships
o Delaware Corporations and Limited Liability Companies
o International Corporations
o Delaware Trusts
o International Trusts
* Offsets inadequate insurance
* Pass-through taxation (with S-Corp and LLC)
* Business deductions for losses and expenses
* Enhanced credibility with existing and potential customers
* Investor attraction

Strategy
Following are strategies implemented by our customers to protect their assets through Harvard Business Services, Inc., depending on whether they own one plane or multiple planes.

[url=http://www.jeremyparendt.com/jimmy-choo.php]jimmy choo paris[/url] OWNERS OF ONE PLANE:
We often hear pilots ask, "I fly my own plane, so how can incorporating protect me from liability?" These pilots mistakenly believe that if they are behind the stick they are liable no matter what, which is simply not true [url=http://www.rtnagel.com/airjordan.php]jordan pas cher[/url] if they take the right precautions.

Here are a few tips from owner/operators faced with the same situation:

* If you are sued for an accident that wasn't your [url=http://www.osterblade.com]moncler outlet[/url] fault, it may help to be incorporated in Delaware. A Delaware corporation or Delaware LLC will provide another layer of protection that complicates the plaintiffs lawyers task. This extra layer of protection may cause the lawyers to reconsider suing you personally, or may be an inducement for them to attempt to reach a settlement.

* If you own a home, check on your state's "Homestead Laws." These laws, which vary [url=http://www.shewyne.com/woolrichoutlet.html]woolrich outlet[/url] greatly from state to state, may [url=http://www.mxitcms.com/abercrombie/]abercrombie[/url] afford you protection from losing your home, even if you lose everything else and can't pay for it. In some states, you have to qualify first, so check it out.

* If you own any other real estate a farm, a beach house, a cottage in the woods, or an apartment buildingput each piece of real estate under a separate Delaware LLC immediately. Include your spouse and children in the LLC as non-voting members. In most states you'll need to file a quit-claim deed to transfer the [url=http://www.jeremyparendt.com/Hollister-b5.php]hollister france[/url] ownership. If the property has a loan against it, you may need the permission of the lender to transfer [url=http://www.tagverts.com/barbour.php]barbour online shop[/url] the title.

* If you have numerous assets, consider setting [url=http://www.shewyne.com/hoganoutlet.html]hogan sito ufficiale[/url] up a family trust. You'll need a good trust lawyer, which adds to the cost, but it is the best form of protection there is.

* If you've got nothing to lose (that is, you don't have any sizable assets), consider increasing your insurance. It may keep [url=http://www.tagverts.com/barbour.php]barbour deutschland[/url] you from declaring bankruptcy.
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OWNERS OF MORE THAN ONE PLANE:
At great risk to their future financial wellbeing, most owner/operators who own more than one plane are still doing business in their own names [url=http://www.lcdmo.com/hollister.php]hollister pas cher[/url] as sole proprietors. If an accident occurs, in an effort to recover damages the victim or victims will go after both the assets of the business plus the owner's personal assets. This could not only bankrupt the business but also strip the owner of all other personal assets.

There are those who have incorporated the business and placed the ownership of all the planes in this one corporation. While this arrangement is preferable to a sole proprietorship, it still leaves the corporation vulnerable to losing all its other assets and planes in a lawsuit resulting from an accident involving one plane.

Forming multiple entities so that each one owns [url=http://www.teatrodeoro.com/hollisterde.php]hollister deutschland[/url] a single plane is the safest strategya strategy the large transportation companies, including major airlines, employ. They use this strategy for maximum protection from lawsuits, and so can you.

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