Yacht Registration

Purchasing a new or used yacht?

Why should I buy my yacht in a corporation or LLC?

Are you aware that all of your personal assets are in jeopardy if you own your yacht as an individual or as a partnership. To shield yourself from total financial disaster take advantage of the limited liability offered by a Delaware Corporation or a Delaware Limited Liability Company. Owning an yacht in this manner can offer you asset protection, privacy and tax savings.

Delaware is recognized as having a favorable tax climate. Delaware has no sales tax, personal property tax, intangible property tax or stock transfer tax. Additionally, no Delaware corporate income tax is assessed for income derived outside of the State of Delaware.

Incorporate Now!

Delaware Registered Agent For Over 40 Years

Note: It is important to understand that sales tax shelters are situational. Many states have “user taxes” and the like. One should consult with a legal or tax advisor to determine if a tax on a yacht will be due in the State in question.

When initially purchasing the vessel a sales/use tax may be due in the state they are actually keeping or using the vessel. The advantage of purchasing the vessel as a corporation truly comes into being when they opt to sell the vessel.

“Special Internet Package”

$400 For Boat Owners Residing in the US

Delaware Boat Corporation Package includes:

  • Preparation and filing of the Certificate of Incorporation
  • 24 Hour Overtime Processing
  • Free Name Search
  • All State Filing Fees
  • Certified Copy of Certificate
  • Processing of SS4 for EIN
  • Registered Agent Fee
  • No Sales Tax
  • No Intangible Property Tax
  • No Stock Transfer Tax
  • There is no state income tax for Delaware corporations that operate out-of-state (Note: however, a Federal Income Tax with the IRS must be filed annually)
  • Unique to Delaware is the formation of the Series LLC.
  • The Delaware Court of Chancery is the oldest business court in the country and uses judges instead of juries.
  • No minimum capital is required to form a Delaware Corporation LLC.
  • All filings with the Delaware Division of Corporations are public record including annual reports listing directors of corporations.
  • Delaware legal entities are prohibited form the sale or transfer of shares or ownership interests in bearer form.
Incorporate Now!