lease back

[Pat Rolfes]

We have just formed an LLC to allow us to take our airplane out of our (parent) corporation. The intention is to rent or lease the aircraft back to the corporation on an hourly basis.

I always assumed this was an extremely common practice but am having difficulty finding a rental "template" to use between these 2 companies.

It seems to me there would be a standard that satisfies the governing bodies. My fear is that if I "compose" from scratch it may not accomplish what I'm looking for.

Any thoughts?