If you are looking to buy, sell operate or own an aircraft, you need to have a legal entity on your side. You need to hire an aviation attorney who specializes in aviation law and who is able to back expertise with experience.
Aviation Law is a specialized area that is an extension of Admiralty Law. For this reason, it is wise not to consult with a lawyer that mainly practices as a business lawyer. When you hire an aviation lawyer, you will be paying for a legal entity’s knowledge and assistance who are qualified to handle these type of transactions and who know the ins and outs of Aviation Law.
When you hire an aviation attorney, the fields of specialization you will be assisted in include:
- Regulatory – FAA/DOT regulations and compliance
- Tax – business aviation taxes and tax write offs
- Transactions – aircraft purchases, financing, leasing and sales
- Registrations – liens, title and security interests
Keith Williams Law Group is considered to be the best and most experienced aviation attorneys in Tennessee.
Some aspects that separate an aviation lawyer from a business lawyer are the knowledge when dealing with taxes, liability as well as complying with FAA and DOT requirements. When looking at these three aspect individually, it is easy, but when these three aspects are combine, it becomes more of a challenge. Your aviation lawyer will have the ability to minimize liability, maximize tax reductions, and minimize taxes while complying with all regulatory stipulations as required by law. An experienced aviation attorney can also assist you in loans, new management company, changes in laws, incidents that result in damages, or changes for insurance purposes.
Therefore, how do you get in touch with an experience aviation attorney? One way is to get recommendations from brokers, consultants or other professionals in the industry. However, do evaluate your source of recommendations. Take the time to interview several aviation attorneys and ask each candidate specific questions that requires them to give details about their expertise. Some of your questions can include detail about aviation taxation advice, if they have the time to take you on as a client and if there is another person who will be able to assist you if they are not available.
Other questions you should be asking are about the more sensitive matter of costs involved. If you are retaining an aviation attorney for a big project, cost can run up and you need to know that to expect in regards to legal bills. You need to discuss what cost will be in the event of tax and regulatory structures issues should arise that might take up more time from your attorney. These questions will soon help you realize whether the specific attorney will protect your interest, or if you should continue your search.