Wow! We had a great turn out at our Boat as a Business seminar series. Folks from all around the world joined our online events to learn about this popular program. Essentially, we have been in the industry for so long and have had so many people ask us how to do that, that we made it simple. Our carefully crafted program guides you while you turn your boat into a successful business that lowers the cost of ownership to basically zero.
Here are some Boat as a Business Program Highlights:
- This program is a good option for U.S. buyers who are in high income tax brackets.
- It’s a simple concept, structured much like any other for-profit business.
- The yacht owner forms a corporation (usually an LLC) and operates a yacht actively for profit, either directly or co-management with a third party management company. This generates substantial tax advantages that further offset the cost of ownership.
- The tax benefits must be carefully planned and documented to make sure that the business activity can withstand scrutiny.
- There are very specific rules and requirements that need to be complied with in order to meet the standard of actively operating a business for profit and taking tax advantages which is what we will discuss here.
If you are interested in learning more, check out this video. We go over the details of the program and answer important questions from folks just like you.
You can also visit our Boat as a Business page or contact us to get more information. Happy sailing!
