Business Entity Formation
At Hummingbird, we understand that owning an aircraft for business use can have significant tax implications. One of the ways to optimize tax benefits is by forming a limited liability company (LLC) to hold the aircraft.
We offer LLC formation services to our clients to help them structure their aircraft ownership in the most tax-efficient way possible. By forming an LLC to hold the aircraft, businesses can take advantage of various tax benefits, such as deducting operating expenses, depreciation, and maintenance costs.
Our team of experts will work with you to determine whether an LLC is the right choice for your specific needs. We will guide you through the entire process of forming an LLC, including selecting a name, filing the necessary paperwork, and obtaining the required licenses and permits.
Once the LLC is formed, we will assist you in transferring the ownership of the aircraft to the LLC. We will also provide ongoing support and advice to ensure that your LLC is compliant with all relevant laws and regulations.
In summary, our LLC formation services can help businesses structure their aircraft ownership in the most tax-efficient way possible. We will guide you through the entire process of forming an LLC, transferring ownership of the aircraft to the LLC, and providing ongoing support and advice. Contact us today to learn more about how we can assist you in achieving your aviation goals while maximizing your tax benefits.
