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Avoid Costly Mistakes When Purchasing a Gulfstream G550
Read the top 5 mistakes buyers make when purchasing a Gulfstream G550
Gregg Fahrenbruch
President (former), Rampart Aviation
"Their countless contributions, broad expertise, and marketplace connections made our industry roll-up and eighteen aircraft acquisition possible. They also lined-up financing sources, key management personnel, and other industry specialists required along the way to ensure operational and regulatory success."
Avoid These Top 5 Mistakes That Could Cost You Millions on a G550!
Failing to plan for federal and state tax obligations can lead to unexpected tax bills. Aviation tax laws vary by state and country, and without proper planning, buyers can end up paying more in taxes than necessary.
Overlooking Federal Aviation Administration (FAA) and international aviation regulations can delay your purchase or result in penalties. An aviation attorney ensures all necessary documentation and compliance steps are met, especially if the aircraft will be flown internationally.
Selecting an improper operating or ownership structure—such as individual ownership versus placing the aircraft in a trust or corporation—can lead to higher taxes and legal risks. Structuring it right from the start maximizes tax savings and minimizes liability.
Not conducting a thorough title search can result in purchasing an aircraft with hidden liens or ownership disputes. Legal expertise ensures the title is clear and properly registered in the right jurisdiction.
Failing to understand how aircraft utilization will affect depreciation and other deductions or not employing simple strategies to tax optimize your investment. Aviation tax attorneys provide advice on maximizing tax benefits through depreciation and managing operational expenses effectively.
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...very good knowledge across a broad spectrum of business issues, some of them very technical for the aerospace industry and international business...highlighted the risks and was unusually direct in terms of providing his recommendations - again refreshing.
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Across the spectrum of aviation, the depth of knowledge and their unparalleled representation is the best in the industry. They are, and continue to be, my absolute first choice for legal expertise and representation and I would give them the highest possible recommendation.
Charles B. “Charlie” Johnson
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Very efficient and effective legal work involving the purchase of a jet aircraft. I was so impressed with the very actionable information, additional recommendations and for negotiating on our behalf successfully.
Robert Wooldridge
President, Hershey’s Mill Villages and Golf Club
Thankful to have had such trusted aviation counsel assist us. We appreciated the depth of their expertise and capabilities navigating the process and arriving at a positive result. Would highly recommend.
Mark Mayberry
Director, Forest Oil Corporation
Their countless contributions, broad expertise, and marketplace connections made our industry roll-up and eighteen aircraft acquisition possible. They also lined-up financing sources, key management personnel, and other industry specialists required along the way to ensure operational and regulatory success.
Gregg Fahrenbruch
President (former), Rampart Aviation
...exceeded our expectations and ensured the results that will help us continue to provide presidential quality, safety, service and support in travel for our clients.
Justin R. Walrath
Assistant Director of Operations, M&N Aviation
Across the spectrum of aviation, the depth of knowledge and their unparalleled representation is the best in the industry. They are, and continue to be, my absolute first choice for legal expertise and representation and I would give them the highest possible recommendation.
Charles B. “Charlie” Johnson
President, Cessna Aircraft Corp. (retired)
Very efficient and effective legal work involving the purchase of a jet aircraft. I was so impressed with the very actionable information, additional recommendations and for negotiating on our behalf successfully.
Robert Wooldridge
President, Hershey’s Mill Villages and Golf Club
Thankful to have had such trusted aviation counsel assist us. We appreciated the depth of their expertise and capabilities navigating the process and arriving at a positive result. Would highly recommend.
Mark Mayberry
Director, Forest Oil Corporation
Their countless contributions, broad expertise, and marketplace connections made our industry roll-up and eighteen aircraft acquisition possible. They also lined-up financing sources, key management personnel, and other industry specialists required along the way to ensure operational and regulatory success.
Gregg Fahrenbruch
President (former), Rampart Aviation
...exceeded our expectations and ensured the results that will help us continue to provide presidential quality, safety, service and support in travel for our clients.
Justin R. Walrath
Assistant Director of Operations, M&N Aviation
...very good knowledge across a broad spectrum of business issues, some of them very technical for the aerospace industry and international business...highlighted the risks and was unusually direct in terms of providing his recommendations - again refreshing.
Craig Jack
President and CEO
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