REFLECTOR: LLC

[Velocity Aircraft Owners and Builders list]

How many hours do you have? You want to make sure you have sufficient time and training for your own safety.



Andrew Judge
President

Grove Networks Inc.
2103 Coral Way
Suite 700
Miami, 33145
Office:
305-448-6126
Fax: 305-437-7685

On Jun 25, 2014, at 8:18 AM, "Velocity Aircraft Owners and Builders list" <reflector at tvbf.org> wrote:

Love to get insurance .... I Have not found a provider that will touch me yet. I need around 300 more hours
I have been told. When the winds change again I will get insurance i just hope it is not too many years down the road.

Thanks all for the info . I guess the LLC is not quite what i was looking for :(

Ron

> On 6/24/2014 4:45 PM, Velocity Aircraft Owners and Builders list wrote:
> I'm not a lawyer but I slept in a Holiday Inn Express once.
>
> Costs about 50$ in Illinois to incorporate, a bit more if online which is expedited. Whether or not that removes you the pilot from liability is a common sense question. I'll let u answer that.
>
> That's why insurance is good, aside from the fact that you might not have the time or resources to build another Velocity or other replacement if you ball up your airplane. Muy Mas Macho folks will say I can just rebuild, common sense guys will get the insurance, fly a lot, reduce premiums as u go.
>
> Good Luck !
>
> Jeff Barnes
>
> Sent from my iPad
>
>> On Jun 24, 2014, at 11:26 AM, Velocity Aircraft Owners and Builders list <reflector at tvbf.org> wrote:
>>
>> I know there are a couple of lawyers on the reflector so I thought I would ask.
>> Since getting insurance is nearly impossible I was told to put my plane in a LLC
>> to help to remove me from to much liability . There is a small expense in setting it up and maintaining
>> it but is it worth it.
>>
>> Ron
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