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Loans and LLC's

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GreasySideUp

Joined: 24 Oct 2007
Posts: 44

Posted: Mon Feb 04, 2008 6:18 pm Post subject: Loans and LLC's

I think I just bought a Yak!!!



I've decided to keep a little cash in the bank for an up coming house purchase and am going to take a loan on the bird for the time being.  Who have ya'll used for Aircraft loans, what rates did you get and what can anyone tell me about setting up an LLC.  How do I make this thing a benefit on my taxes etc.  It will be flying a few airshows at a huge loss out of my pocket so there is a legitimate business behind it.  Based in Jersey but I've heard good things about Deleware.



If everything works, hopefully I'll make the clinic in the northeast in May!



Thanks



-j

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