Back in 2007 a friend formed an LLC, bought an airplane through the LLC, FAA registration is through the LLC.

He stopped flying and the airplane has been in storage, unused, for several years.

The single member LLC, which is still shown on FAA records as the owner of the airplane with current registration, was dissolved in 2019.

He has found a buyer for the airplane. The question is, how should the Bill Of Sale be signed, who is the seller, since the registered owner -- the LLCl -- no longer exists?

The LLC was formed with the individual's residence address in Florida, but the registration is Federal, not state.

There should be an agent for the LLC registered with the state. At least that was the situation years ago in NM. A corporation listed an agent with the state as part of the corporate registration.

The agent would sign the bill of sale and perhaps provide a signed statement that he is the legal representative.

At least that is how it worked when I purchased an airplane in around 1988. It was a real chore getting the then-retired agent to simply sign the paperwork.

The FAA accepted the paperwork without any question.

FLorida LLC statute allows conveyances as part of the winding down of the LLC
Statute

I suspect the signature would read:

FlysRight LLC, a Florida limited liability company

BY:_____________
Joe Schmo, Manager

If they never designated to be managed by a Manager, then change "manager" in the signature block to "Authorized Member"

If there are multiple partners or members, or other LLCs in a layered fashion, then more will be needed.

The single owner of the dissolved LLC, the manager, and the registered agent, are all one and the same person.

I would prepare the Bill of Sale to read as sold by the LLC, and have him sign as Manager or Member, however his position was stated at the time, and as an individual.

If he was the only member and the LLC has been dissolved, then he probably owns it outright, but if I were the buyer I’d want him to sign for the LLC also since that’s how it was registered. And there’s no harm in signing for both.

I am no longer practicing law and never was licensed in Florida, so there is no representation here. Just my thoughts on how I would do it.

I would hire a lawyer who specializes in aircraft financing, registration, and transfers. It is my understanding that the FAA can be fussy about such things. But a corporate registrations/business organizations lawyer in the relevant state should be able to give some guidance about how to handle a sale by an entity that has forfeited its charter. I'd take the additional step to make sure that will satisfy the FAA.

Re-establish the LLC and then the LLC sells the aircraft signing the Bill of Sale?

Contact AIC Title Services in OKC.

AIC Title

Hi my friend. Call me. We got this.

Consider reinstating the LLC and having your friend convey his interest in the LLC to the buyer rather than title to the airplane itself.