I find it very doubtful that you can start a corporation to shelter a KR from taxes and come out ahead, a Lancair IV P maybe, but not a KR. In a state with high taxes and a high valuation of your KR you might pay a thousand dollars in taxes once. I paid under $400 on the last KR I bought. I don't know about Delaware, but in Florida it costs at least a few hundred bucks every year to keep a corporation legal.
Brian Kraut Engineering Alternatives, Inc. www.engalt.com -----Original Message----- From: [email protected] [mailto:[email protected]]On Behalf Of Dan Heath Sent: Thursday, December 09, 2004 7:58 PM To: [email protected] Subject: KR> Dela Corp Has anyone formed a Delaware Corporation to better deal with taxes and liability? Right now, I am looking at a local LLC, but have not decided yet. If a corporation in a state that has no sales tax, and maybe no property taxes for corporations, owns the plane, then, no way the locals get any piece of you. Is that right, or do they have a way around that also? See N64KR at http://KR-Builder.org - Then click on the pics There is a time for building and a time for FLYING and the time for building has expired. Daniel R. Heath - Columbia, SC See you in Mt. Vernon - 2005 - KR Gathering _______________________________________ Search the KRnet Archives at http://www.maddyhome.com/krsrch/index.jsp to UNsubscribe from KRnet, send a message to [email protected] please see other KRnet info at http://www.krnet.org/info.html
