Hey Guys
I had a question concerning the build/registration of an RV: in order to protect oneself/assets, a common route taken is to register the plane under an LLC... However, does this apply to the build/builder? Since I am about to start my build, would it be better to first get an LLC and then build 'under' it, so that the liability would always fall to the LLC? Or am I still considered the manufacturer (as an individual) even if the LLC owns the aircraft?
I am concerned with how the FAA will issue the EAB (in terms of owner name, manufacturer, etc) if I buy the kit/build it under an LLC... Thanks!
I had a question concerning the build/registration of an RV: in order to protect oneself/assets, a common route taken is to register the plane under an LLC... However, does this apply to the build/builder? Since I am about to start my build, would it be better to first get an LLC and then build 'under' it, so that the liability would always fall to the LLC? Or am I still considered the manufacturer (as an individual) even if the LLC owns the aircraft?
I am concerned with how the FAA will issue the EAB (in terms of owner name, manufacturer, etc) if I buy the kit/build it under an LLC... Thanks!