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Old 12-01-2025, 19:59   #1
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Any benefits to buying with LLC

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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Old 12-01-2025, 20:06   #2
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Re: Any benefits to buying with LLC

Quote:
Originally Posted by wayneshafer View Post
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.

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.



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Old 12-01-2025, 20:19   #3
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Re: Any benefits to buying with LLC

Probably the most reasonable reason for an LLC (aside from actually wanting to run a business with the yacht) is to allow a foreign national to own a US flagged yacht.

You would need to hire a tax professional to address the possible tax savings. But, any savings would probably not be large.
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