Are you aware that all of your personal assets are in jeopardy if you own your yacht as an individual or as a partnership? To shield yourself from total financial disaster take advantage of the corporate ownership. Owning a yacht in this manner can offer you asset protection, privacy and tax savings.

We can offer you a few options fro your valuble yacht – corporatre ownership.

It is important to note that sales tax shelters are situational. Many states have “user taxes” and the like. One should consult with a legal or tax advisor to determine if a tax on a yacht will be due in the State in question.
When initially purchasing the vessel a sales/use tax may be due in the state they are actually keeping or using the vessel. The advantage of purchasing the vessel as a corporation truly comes into being when they opt to sell the vessel.