wolenty@inuxd.UUCP (R Wolenty) (10/28/84)
We are planning to start a flying club with six members buying in on an Archer. I'd like input from members of other organizations about how their clubs are organized. In particular, are you incorporated? If so, what type of corporation are you organized as and what is your tax status? Also, has anyone had any experience with lease- backs? While sifting through the options I would appreciate any help from those who have already traveled this route. Many thanks, Ron Wolenty inuxd!wolenty
doug@terak.UUCP (Doug Pardee) (11/05/84)
[] Something to check into is your local laws. Here in Arizona, over 80% of the state law relating to aviation is a terribly stringent set of regulations on "flying clubs". My (layman's) interpretation is that the government does not want a business (FBO) to escape taxation simply by calling itself a "flying club". One of the ways that a group can establish itself as a "flying club" rather than FBO is to allow only members to fly, and all members must be at least part owners of the aircraft. In other words, no renters. Further restrictions on commercial activity such as flight instruction and charter work are usually required. Doug Pardee -- Terak Corp. -- ...!hao!noao!terak!doug