Jimmy's Planes

doxadive · Post by **doxadive** » May 3, 2007 10:57 am

as i was perusing this section of the web site i noticed this...

Jimmy currently has 4 planes registered as "Strange Bird Inc" based out of Wilmington, Delaware

uh, that is where i live...i guess i should find my watson and start sherlocking.

bravedave · Post by **bravedave** » May 3, 2007 11:00 am

You might get lucky, but I suspect there are financial advantages to registering one's planes in Delaware, regardless of where you park them.

rednekkPH · Post by **rednekkPH** » May 3, 2007 11:07 am

I don't think 4 planes will fit in Delaware at the same time.

SharkOnLand · Post by **SharkOnLand** » May 3, 2007 11:10 am

bravedave wrote:You might get lucky, but I suspect there are financial advantages to registering one's planes in Delaware, regardless of where you park them.

I'd bet the corporation is a DE corp. Delaware has some of the most corporation-friendly tax laws. A lot of major corporations are incorporated in Delaware.

AlbatrossFlyer · Post by **AlbatrossFlyer** » May 3, 2007 11:38 am

strange bird is strictly a shell corp. for liability protection.

Docktails at 5 · Post by **Docktails at 5** » May 3, 2007 12:21 pm

My wife's parents own their own business in Va and used to tag all of their vehicles in Delaware for tax purposes. No property tax. Saved a good amount on the vehicles. I imagine it saves a whole lotof money on Jimmy's planes.