RE: How to identify and value inherited planes?
If you put your planes and equipment on consignment to a LHS, be sure to stop in weekly and see how they are doing. We have a brother/sister team in the area that has opened and closed six locations in the five years. My understanding is that they have been in this mode for a decade or two. Some of the local cities won't give them a license any longer.Just make sure your planes don't get caught up in a like environment. The laws don't seem to support you as an individual in the event the store goes bankrupt.
In the earlier days, this wasn't an issue, but today, it is.
Don