How To Select A Suitable Aircraft Purchase Attorney

By Gary Collins


When thinking about purchasing an aircraft, it is important to engage a lawyer that is qualified to offer services in aviation legal aspects. This is not a task that can be handled by your regular legal advisor. This is because they have no in-depth knowledge of legal matters concerning ownership and operation of airplanes. For this reason, use the following ideas to find an aircraft purchase attorney that can effectively guide you through this process.

Look for a professional who can commit to walking the journey with you. You need them during the conceptualization stage, through the transactions and beyond. So, do not ignore them during the pre-purchase inspection or allow them not to attend the title search review meeting. Their advice and insight could save you serious loses or security issues in future.

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.

Check their portfolio on their business website. Any qualified lawyer will showcase their qualifications and different clients they have served. This information can enable you to figure out if they are specialists in this field or they are a jack of all trade.

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.

It is also important to opt for a lawyer that understands business aviation taxes. Now, this will depend on the State you are in. Basically, aircraft-related tax issues can differ greatly in different States. In fact, some states like New York, Texas, and Florida can be very demanding when it comes to aviation business tax requirements.

When it comes to identifying a suitable lawyer, you will have an easier time using the internet. You just type your keywords followed by the area you want your lawyers to come from or serve. This gives you several law firms with relevant services that you can begin your search with. Begin by viewing their profiles to make sure they match your requirements. You may also find referrals from consultants, vendors, and other specialists in this industry.

Come up with a list of at least three lawyers you want to engage further. Ask them to avail for a face-to-face meeting where you can discuss their services further. In this meeting, ask about their experience, charges and different services they offer. Do not forget that their services will come in handy throughout the period you own and operate an aircraft. This is why taking the time to interview and select the best is worthwhile.




About the Author:



No comments:

Post a Comment