X-Virus-Scanned: clean according to Sophos on Logan.com Return-Path: Sender: To: lml@lancaironline.net Date: Tue, 25 Sep 2007 03:29:33 -0400 Message-ID: X-Original-Return-Path: Received: from hqemgate03.nvidia.com ([216.228.112.145] verified) by logan.com (CommuniGate Pro SMTP 5.1.12) with ESMTP id 2349933 for lml@lancaironline.net; Mon, 24 Sep 2007 22:41:02 -0400 Received-SPF: none receiver=logan.com; client-ip=216.228.112.145; envelope-from=colyncase@earthlink.net Received: from hqnvupgp03.nvidia.com (Not Verified[172.17.102.18]) by hqemgate03.nvidia.com id ; Mon, 24 Sep 2007 19:40:07 -0700 Received: from hqemfe02.nvidia.com ([172.17.108.22]) by hqnvupgp03.nvidia.com (PGP Universal service); Mon, 24 Sep 2007 19:40:27 -0700 X-PGP-Universal: processed; by hqnvupgp03.nvidia.com on Mon, 24 Sep 2007 19:40:27 -0700 Received: from ccaselt2 ([172.16.228.84]) by hqemfe02.nvidia.com with Microsoft SMTPSVC(6.0.3790.1830); Mon, 24 Sep 2007 19:40:26 -0700 X-Original-Message-ID: <018a01c7ff1d$6e301d90$8c721c0c@nvidia.com> From: "Colyn Case on earthlink" X-Original-To: "Lancair Mailing List" References: Subject: Re: [LML] Re: product liability X-Original-Date: Mon, 24 Sep 2007 22:40:25 -0400 MIME-Version: 1.0 X-Priority: 3 X-MSMail-Priority: Normal X-Mailer: Microsoft Outlook Express 6.00.2900.3138 X-MimeOLE: Produced By Microsoft MimeOLE V6.00.2900.3138 X-Original-Return-Path: colyncase@earthlink.net X-OriginalArrivalTime: 25 Sep 2007 02:40:26.0944 (UTC) FILETIME=[6E165400:01C7FF1D] Content-Type: multipart/alternative; boundary="----=_NextPart_000_0187_01C7FEFB.E61F5D10" This is a multi-part message in MIME format. ------=_NextPart_000_0187_01C7FEFB.E61F5D10 Content-Type: text/plain; charset="windows-1250" Content-Transfer-Encoding: quoted-printable Bob Smiley said, 1. you give away all your assets to your wife before any litigous event i= s known; 2. you, or a shell corporation, own the plane only; 3.you or your wife do not support the plane operation and maintenance cos= ts from your personal incomes. Maybe you can do so in terms of non-voting= =20shares in the stock of the plane. 4. You cannot have any voting rights or any incidence of control of the p= lane. so in a little more detail: (1) give it all to your wife. this only works in non-community property= =20states, right? (3) how do you get money into the corporation except from your personal = income, assuming such corporation produces no income? e.g. suppose you = are an employee of some other corporation that is not interested in helpi= ng you with your airplane habit. how else do you get money in? (4) please elaborate. e.g. I formed an LLC of which I am the only owner= =20and only manager. this sounds like a complete flunk. so who does = have voting rights and control the airplane? Colyn -------------------------------------------------------------------------= ---------- This email message is for the sole use of the intended recipient(s) and m= ay contain confidential information. Any unauthorized review, use, disclosure or di= stribution is prohibited. If you are not the intended recipient, please contact the= =20sender by reply email and destroy all copies of the original message. -------------------------------------------------------------------------= ---------- ------=_NextPart_000_0187_01C7FEFB.E61F5D10 Content-Type: text/html; charset="windows-1250" Content-Transfer-Encoding: quoted-printable

Bob Smiley said,

1. you give away all your assets to = your wife=20 before any litigous event is known;

2. you, or a shell corporation, = ;own the=20 plane only;

3.you or your wife do not support th= e plane=20 operation and maintenance costs from your personal incomes. Maybe yo= u can=20 do so in terms of non-voting shares in the stock of the plane.

4. You cannot have any voting rights= =20or any=20 incidence of control of the plane.

so in a little more detail:

=

(1) give it all to your wife. = ; this only=20 works in non-community property states, right?

(3) how do you get money into the = corporation=20 except from your personal income, assuming such corporation produces no=20 income? e.g. suppose you are an employee of some other corpor= ation=20 that is not interested in helping you with your airplane habit. how= =20else=20 do you get money in?

(4) please elaborate. e.g. I= =20formed an=20 LLC of which I am the only owner and only manager. this sound= s like=20 a complete flunk. so who does have voting rights and co= ntrol=20 the airplane?

Colyn

This email message is for the sole use of the intended recipient(s) = and may=20 contain confidential information. Any unauthorized review, use, dis= closure=20 or distribution is prohibited. If you are not the intended recipien= t,=20 please contact the sender by reply email and destroy all copies of the or= iginal=20 message.

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