One gotcha in this is with sole owners whose plane is company owned and who rent it to themseleves occasssionally. Under G, that plane has to be maintained to transport cat requirements, 50hour checks, 150hour checks, etc. even though the one person only ever flies it, privately. Pointless.
I dislike petty bureaucracy; but in this case, my heart doesn't bleed for such an 'owner' (who, after all, has the option of transferring title from the corporation to himself, if the 'gotcha' is a problem).
Legally speaking, the corporation is a separate person from its sole shareholder. Presumably there are tax or other advantages to the legal fiction of the corporation's ownership, and that's why the original decision was made to register ownership in the company's name. But you can't have it both ways ("I don't own it (wink); but
really I do").