"so does that mean if you convey the plane to an LLC that you own that that
starts the clock?
Yes, that starts the clock but you are still in
control of the LLC and just because the LLC owns the plane does not relieve you
of any liability. You still are the pilot that runs that plane into the ground,
building, etc. Of course if you are dead, what do you care about
liability. Your wife would have a concern.
Bob Smiley
----- Original Message -----
Sent: Friday, November 21, 2008 3:27
PM
Subject: [LML] Re: Any liability
lawsuits?
That is first date you, as the manufacturer,
sell, convey, transfer the item to a new owner.
so does that mean if you convey the plane to an LLC that you own that
that starts the clock?
|