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Practice Areas

Co-Ownership Opportunities

Aircraft co-ownership is an incredible way to cut down on the fixed costs associated with owning and operating an aircraft and can also allow you to acquire an aircraft that can better suit your unique missions. But, as with any partnership, there can be significant difficulties and pitfalls without proper planning and documentation.  ACLG has worked for decades in the general aviation industry and has helped numerous clients engage in successful co-ownership of aircraft of all sizes.

Our team of lawyers and tax professionals will work directly with you and your co-owner to determine the appropriate ownership structure to maximize federal income tax deductions, reduce the impact of sales/use tax on the purchase, and comply with all FAA rules and Federal Aviation Regulations.  This will include the preparation of a Co-Ownership Agreement, which has been specifically crafted throughout decades of experience in the industry to avoid common pitfalls and issues between co-owners. 

While there are a number of companies that can assist with a small portion of your overall plan for aircraft co-ownership, ACLG is a leader in the general aviation industry for our Tax, Legal, and Compliance (“TLC”) work, which is why we are the Aviation TLC provider.  Contact us today to see how our team of professionals can assist you!

Advocate Covers:

Our Results

Service Agreements

Piston Aircraft Comprehensive Service Agreement

For Piston Aircraft  – $5,000 per year

Small Turboprop Comprehensive Service Agreement

For a single Turboprop Aircraft costing less than $2,000,000 – $7,500 per year

Large Turboprop Comprehensive Service Agreement

For Turboprop Aircraft costing more than $2,000,000 – $10,000 per year

Our Team

Meet the Attorneys

Jonathan Levy

Shareholder

Suzanne Meiners-Levy

Shareholder

Joseph Quackenbush

Managing Attorney

Letisha Bivins

Managing Attorney

Do you love aircraft? Work with our team of professionals!

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Resources

Latest Articles

Utilizing 100% Bonus Depreciation on Aircraft Purchases In 2023

Continued Incentives through 2023 and Beyond Require Careful Planning and Recordkeeping By Suzanne Meiners-Levy As we find ourselves nearing the fourth quarter of 2022, five years since the passage of […]

Advocate Consulting Legal Group Celebrates the Career of Director of Business Development Scott Battle Upon His Retirement

By Advocate Consulting Legal Group, PLLC TAMPA, Florida — June 27, 2022 — Following a 17-year long career in Business Development, Scott Battle has announced his retirement from Aviation TLC […]

Controlling Use Tax on the Purchase of Your Aircraft in 2022

By Suzanne Meiners-Levy, Owner & Pilot Advantage Magazine, a Skytech Publication, Spring Issue, 2022. While tax reform at the federal level remains unclear and 100% bonus depreciation appears on the verge of phasing […]