I am considering incorporating in
Deleware for the purpose of purchasing
this aircraft. Primarily for liability
Oddly enough, I just had this discussion with my tax guy. I don’t relish the idea of paying 6 1/2% NJ “use tax”. He’s had experience with this sort of thing, and here’s what he said in a nutshell:
“Do it at your own risk. NJ has in the past done some fairly digging to find out if residents who buy high-ticket items (boats, too) really keep them out-of-state. I recently had a guy who bought a 'plane and based it in Delaware come under scrutiny, but he was OK because it really was there most of the time according to the logs. They were only interested in the first 6 months, and they didn’t care that he had a legitimate Delaware based business - later, he moved it back to NJ, but they won’t dig again. If they think you’re being devious, they’ll come after you with gusto.”
Of course, other states may be different, and that’s just one guy’s advice. I suggest you seek a similar opinion from an accountant, CPA, tax advisor, etc., whom you trust.
One thing I did find out is that it’s based largely on where the N Number is registered; which is why I was investigating. I applied for my hoped-for N84MR yesterday, using my(legitimate) NJ address.