Monday 18 June 2018

How To Select A Suitable Aircraft Purchase Attorney

By Gary Collins


When you intend to buy an aircraft or find yourself in a related dispute, you need the right legal representative to advise you. You cannot bank on your regular business or personal attorney for issues related to aviation. This is because they may lack the expertise required to handle such matters. Since such purchases and sales agreements related to airplanes are delicate, consider the following tips when engaging an aircraft Purchase attorney.

Look for an individual that can commit to walking with you through the transaction process and beyond. Some of the pre-requisites of an airplane buying process include title search and review, pre-purchase inspection, agreement review and others. You should have your lawyer at hand during these steps. They will advise you on the different steps to expect and point out any legal issues or obligations that may arise during the process.

Always go for a lawyer whose full specialization is business aviation. Avoid situations where you engage someone just because they have helped another client with related issues. When they focus on aviation, have the requirements for owning and operating airplanes at their fingertips. They can advise you on your responsibilities before you even settle on the airplane.

You may check their details in their business website. See how long they have been in this field and the kind of clients they have handled. Your main aim is to make sure you are not getting someone who just dabbles in this field.

You should understand that in business aviation law, there are other branches. Some lawyers are good at regulations and compliance with FAA/DOT requirements, others handle transactions better. Some are also keen about taxes. Of importance is to find someone that can handle as many tasks as possible. You cannot allow a situation where you have to hire a different lawyer for each procedure. This will be costly.

A real headache in operating airplanes lies in tax compliance. This is why you should at least partner with an attorney who can take care of business aviation taxes. This will also depend on which state you are operating in. Some states like Texas, Florida, and New York can have strict requirements for aviation business taxes.

Thanks to the internet, it is not hard to find some professionals you can consider for this task today. Law firms that deal with aviation matters will state in their websites the different specializations they have. So, if you go to the internet, you can always find good leads for attorneys. Another effective way of finding such lawyers is by talking to industry professionals like brokers and consultants to recommend a reputable lawyer.

Prepare a list of several lawyers that you intend to engage further. Then you can organize a meeting to ask more details about their specialization. Treat this as an interview and ask questions that are related to your specific needs. All you need is a clarification whether the lawyer has the expertise to guide you through buying and operating an aircraft.




About the Author:



No comments:

Post a Comment