Quote:
Originally Posted by ancora
Lookin' at an (IMHO) overpriced boat that has a transferable LLC. Does the owner add on to the price of the boat because of the LLC?
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We own our boat in a Delaware LLC. The reasons for the LLC are as follows.
1. It was easier the purchase under our business.
2. There are Tax advantages with documentation in Del.
3. If you decide to sell the boat all you have to do is sell the LLC, and change the docs.
4. Part of the ownership cost can be charged off to the business.
5. The insurance on charters is better under our LLC.
6. IT DOES NOT CHANGE THE VALUE OF THE BOAT, but does make it easier to sell the boat.