Month: May 2020

Selling a boat is similar to a real estate transaction—it’s usually too complex and involves too much value to risk doing it on your own. Good yacht brokers work hard to facilitate the sale of their listings and to protect the interests of their clients, just as a real estate agent would do when you sell your …

Top Ten Reasons to Sell Your Boat with a CYPB Certified Professional Yacht Broker Read More »

When most people think about buying a yacht and placing it in a charter program, they think their boat will be in the BVIs, Caribbean, or even in the Bahamas, and they won’t be able to use their boat very often. However, if you place your boat in a local charter program, for example, here …

The Benefits of Placing a Yacht in a Local Charter Read More »

California imposes a sales tax on new boats and a use tax on used boats purchased within the State of California. While United States federal jurisdiction extends to 12 nautical miles from shore, and includes a 200-mile exclusive economic zone (EEZ), California’s territorial waters extend only 3 miles from shore. These territorial boundaries are set …

Taking ‘Offshore Delivery’ of Your Yacht Read More »

A client asked if it would be a good idea to form a Delaware LLC to purchase a boat in California. Delaware law does offer strong protections for LLCs, but as always, there is more to the story. A discussion of the steps involved, and some considerations follows: If your wish to create a Delaware …

Should I Form a Delaware LLC to Purchase a Boat in California? Read More »