Transfer to LLC

[Planecrazy232]

I'm sure this has been brought up a million times but I can't get the search function to cooperate..

I want to transfer my plane into an LLC which I manage. I found these two forms on the FAA site. I assume we do not need the old two copy sheets we used to get from the FSDO??

https://www.faa.gov/documentLibrary/...m/AC8050-1.pdf

https://www.faa.gov/documentLibrary/...m/ac8050-2.pdf

Any info you can contribute is welcome.

[n82rb]

i just took the warrior and the champ out of a family trust and into my name only. I had no idea what was needed paperwork wise, as one person in the trust has passed away. I just called OK city and they talked me through what documents that needed to go to them. was all very easy. just give the a call and ask.
you missed a good lunch today at X06 by the way.

bob burns
RV-4 N82RB

[rv6n6r]

Worthwhile to watch re. whether it's worth it to put your plane in an LLC: https://eaa.org/videos/webinars/aircraft-ownership

[Planecrazy232]

Originally Posted by n82rb

i just took the warrior and the champ out of a family trust and into my name only. I had no idea what was needed paperwork wise, as one person in the trust has passed away. I just called OK city and they talked me through what documents that needed to go to them. was all very easy. just give the a call and ask.
you missed a good lunch today at X06 by the way.

bob burns
RV-4 N82RB

Thanks Bob. I called there and they couldn’t have been nicer. All sent off. I think they’re about 7 weeks behind, so it will be a while before I hear back from them.

For others that need to know- the online forms are all you need now. Just photocopy ones to keep, and send originals with ink signatures to OK City.

Hopefully I’ll see you next week!!

[FORANE]

Your state may interpret that transfer as a sale with sales tax due, mine does.

[Planecrazy232]

Originally Posted by FORANE

Your state may interpret that transfer as a sale with sales tax due, mine does.

I called the state department of revenue and spoke to the same person that collected my sales tax 5 years ago and she said there would be no tax due.