Originally Posted by
Gentoo
but you would still only be able to charge a portion of the costs to the passenger so what is the point of all the limited company malarkey?
Aeroplane costs $100/hour to operate, lease company leases it to me for $300/hour, I cost share it for $300/hour, worst case I only have one passenger and they pay $150 and I pay $150. Lease company pays operating costs of $100/hour and $200/hour to the owner (my wife). I have got all of my $150 back plus $50 profit.