Thanks for all the information. I am just going to have the FAA send the forms and mail it in filled out as best I can. If they turn it down I will start over again. I agree it has to be recorded as a sale and then registration. Just for amusement here is what the FAA says on just a portion of what is required.
""""AFS-750-LLC-1 (1/05)
Limited Liability Companies
To determine if a Limited Liability Company (L.L.C.) meets the requirements
of a " citizen of the
United States", its structure is measured against the definition of a United States corporation or
association contained in Title 49, U.S.C., 40102(a)(15), which provides as follows:
"'Citizen of the United States' means (a) an indivi
dual who is a citizen of the United States, or (b)
a partnership each of whose partners is an individua
l who is a citizen of the United States, or (c) a
corporation or association organized under the laws of the United States or a State, the District of
Columbia, or a territory or possession of the United States, of which the president and at least two-thirds
of the board of directors and other managing officers are citizens of the United States, and in which at
least 75 percent of the voting interest is owned or
controlled by persons that are citizens of the United
States."
When submitting documents to register in the name of an L.L.C
., one of the following must also be
submitted:
a. Copy of the document evidencing the organi
zation of the above L.L.C. (e.g., Certificate of
Formation, Articles of Organization, or Operating
Agreement). The submitted document must include the
name of each of the members and clearly state how management of the L.L.C. will be vested (i.e., by the
members, by a manager, by officers, etc.). Inform
ation as to citizenship of each entity should also be
provided, either in a cover letter or separate statement, OR,
b. A written representation, in letter form, that
the L.L.C. qualifies as a citizen of the United
States. This written representation must show signatu
re and title of a knowledgeable party. Satisfactory
evidence must include the following information and representations:
1.
The full name of the L.L.C.
2.
The State in which the L.L.C. is lawfully organized.
3.
The date the L.L.C. was legally formed or organized.
4.
The Name of each of the members of the L.L.C. and the type of entity of each member (i.e.,
individual, corporation, partnership, L.L.C.).
NOTE: If a partnership (either general or
limited) is involved in the L.L.C. as a member, manager, or officer, the statement should
represent whether the partnership is comprised
entirely of individuals (natural persons).
5.
Whether the L.L.C. is managed by its members or
by manager(s) or officer(s). NOTE: Show
the title that will be used to sign all documents.
6.
The name of the manager(s) or officer(s
), if applicable, and type of entity.
7.
Whether the members, manager(s), or officer(s) may act independently. NOTE: A non -
citizen member/manager cannot act independently in a management capacity.
8.
A description as to how each legal entity within
the L.L.C. structure supports a determination
that the L.L.C. is a citizen of the United States as required by 49 U.S.C. Section
40102(a)(15)(c). NOTE: If a partnership is
involved in the L.L.C., the statement should
represent the citizenship of each partner."""""""
I guess I have to make sure the corporation is a good citizen of the US under 49 USC 40102(a)(15)(c) whatever that might be!!
George
