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 »