There many considerations before you decide if you want to title this aircraft in your personal name or through an LLC.[Credit: Shutterstock]
Key Takeaways:
Choosing between personal and LLC aircraft ownership depends on factors like intended use, pilot involvement, and personal financial goals.
Personal ownership offers simplicity and lower administrative overhead, suitable for recreational use, single pilots, and first-time buyers.
LLC ownership provides benefits such as liability protection for personal assets, tax flexibility for business deductions, and simplifies co-ownership or estate planning.
However, LLCs require diligent maintenance of corporate formalities to uphold their liability shield and must avoid pitfalls like inadvertent "wet lease" operations.
If you’ve spent your time researching, running the numbers, getting preapproved, and inspecting the aircraft you want to purchase, you might have one big question left about the purchase you haven’t considered: Do you want to title this aircraft in your personal name or through an LLC?
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Matt Herr develops sponsored content for clients at Firecrown Media. He is a gearhead and motoring enthusiast with experience in tech, freight and manufacturing. He spends his free time hiking with his wife, son and German shepherds, or reading and writing hobby pieces.