aircraft registration

Hello all, My business partner and I recently bought and sold an airplane for an good profit. Trouble is, we were recently let go by our employer because of how they perceived the transaction. So I am hoping some people that know better than me can help me understand what went wrong. Here is the...

Maybe there's been one of these before, but I thought I'd lead off a new "interesting" aircraft registration thread. I'd suggest just using pictures, and not actually using the N-Number in the post so that it's not as intrusive. Here's a contribution that seems a bit off color.

Current registration is a co-ownership of 2 owners (I am one of the current owners). I am buying out the other owner. Question is how to complete the forms. The 8050-1 is the registration application. Seems simple enough - just me as the owner/application. The 8050-2 is the bill of sale form...