Episode 23: The Impact of FAA Regulations on Aircraft Ownership

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Episode 23: The Impact of FAA Regulations on Aircraft Ownership

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Are you aware of the hidden legal risks lurking in your aircraft ownership and operations? In the latest episode of Jet Setting Wealth Advisory, David T. Yu is joined by David Norton, Head of the Aviation Practice at Shackelford, McKinley & Norton, LLP. David delves into the importance of aviation safety, compliance with FAA regulations, and responsible flying practices. He emphasizes the significance of understanding FAA regulations in aircraft ownership and operation to avoid illegal activities and penalties. David also highlights the financial aspects of aircraft ownership, stressing the need for strategic tax planning to prevent regulatory issues and maximize business deductions. Key Takeaways: → Understanding FAA regulations is crucial for legal compliance in aircraft ownership→ Strategic tax planning is essential for optimizing business deductions in aviation → Aspiring aviators are encouraged to pursue passion and financial independence → Norton categorizes regulatory offenders into clueless, careless, and criminal → Career guidance emphasizes finding passion and giving back in aviation More from David Norton and Shackelford, McKinley & Norton, LLP Website: https://shackelford.law/LinkedIn: https://www.linkedin.com/in/david-t-nortonFacebook: https://www.facebook.com/shackelfordmckinleynortonllpInstagram: https://www.instagram.com/shackelford.law/Twitter (X): https://x.com/_shackelfordlaw Email: DNorton@Shackelford.law Engage with David T. Yu: Connect on LinkedIn, Instagram, & FacebookSign up for our newsletter or book a call! Visit: DTY Wealth Planning Solutions Learn more about your ad choices. Visit megaphone.fm/adchoices