-1

Hi. I was thinking about making a company to hide a plane I am thinking of buying.

A helpful person suggested to make a shell company since planes can be registered to companies and FAA site doesn't show company owners.

I just want to keep people from learning my identity through N number of the aircraft. I am not thinking about money laundering nor drug running.

Lets assume we are in Texas. How much money I roughly need and how much taxes are needed to keep the company alive. I am thinking about asking the company anonymity part at the Legal.SE but I'd appreciate it here too.

The plane costs $300,000.

Improve this question
10
  • 1
    You're thinking about buying an airplane for $400K through a small company you'd set up, and you're concerned with the cost of setting up the company?
    – user
    Commented May 25, 2019 at 14:53
  • 3
    I doubt $300K or $400K makes any substantial difference to the answer; the cost is still likely to be in aquiring the airplane, not in setting up the company.
    – user
    Commented May 25, 2019 at 14:58
  • 1
    @aCVn I am thinking about moving (I have a family with connections and I have a nice future education plan) and since every states have different taxes etc I decided Texas.
    – Delta Oscar Uniform
    Commented May 25, 2019 at 15:07
  • 1
    Completely off-topic, but note that Texas has no income tax but has higher than average property taxes to compensate. Obviously you can save by living in a cheaper house, but be aware of that before making a final decision.
    – D Stanley
    Commented May 26, 2019 at 3:16
  • 2
    You better call Saul.
    – inexcitus
    Commented May 27, 2019 at 10:20

2 Answers 2

Reset to default
2

You get what you pay for.

The more you want to hide the connection the more expensive the setup. If you setup a shell corporation, but use as a mailing address an address that is associated with you, finding the connection is trivial.

The more you are willing to pay, the more complete the masking is.

Improve this answer
-1

Google it. You can setup an LLC in your state by yourself or thru an attorney. You may also consider setting up an LLC or corporation in another state, if there are any benefits in doing so. Good luck.

Improve this answer

You must log in to answer this question.

Not the answer you're looking for? Browse other questions tagged .