Quote:
Originally Posted by wayneshafer
Looking at buying leopard 43pc to live abroad. Would there be any benefit or savings by buying with an LLC? I would not be opposed to doing a few dinner cruise charters a month if it means saving a large sum of money.or has has large tax savings.
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a.
Insurance changes.
b. You need a
commercial operator's
permit, perhaps just a 6-pack
permit.
c. Like a home business, you can only write-off the time and areas used for the
commercial purpose.
d. If abroad, you need permits for that country.
There are many dodges, most of which involve stretching the truth (lying) or breaking rules (laws). Just sayin', TANSTAFL.