After Category 4 Hurricane Ian came ashore near Cayo Costa in Southwest Florida in September 2022, initial rescue efforts soon gave way to questions about the future of this busy tourist area.
Many aircraft ownersplace their aircraft in a limited liability company. Most presumably choose this arrangement under the belief that the LLC affords liability protection in the event of an accident. Depending on how the aircraft is used, however, this may be a mistaken assumption.
When I bought my house, I knew that I’d have to get other “house stuff.” Like most first-time homeowners, I had no idea just how much stuff that would include, let alone how much I would end up spending. Airplanes aren’t much different.