Well help you find or build the Cobalt Boat of your dreams call us today to get started.
Business yacht ownership reviews. These programs include pre-approved financing guaranteed monthly payments or performance based income. Our experience as charter boat owners in charter fleets has shown some areas in the management of your yacht that are important to all of us regardless of the charter company. No risk if the boat does not charter for whatever reason guaranteed payment no downside.
Well help you find or build the Cobalt Boat of your dreams call us today to get started. Ownership periods are limited to a minimum of two years and a maximum of four years at which point the owners will be offered an upgrade or a buyout. Nobody needs a yacht for 50 weeks of the year Price adds.
Instead of saving for another decade you could purchase your yacht today form a small business where you take active participation and take positive tax advantages. Charter boat ownership is in effect a great way to enjoy sailing for a few years without major expenses AND own the boat at the end of the contract while having the charter income pay for some or all of the mortgage. If you do not intend to keep your boat at the end of the management contract or trade-in and roll over to a new boat.
The larger your ownership percentage the more weeks you are entitled to aboard and more importantly the more peak time you get. Nearly half our boats have arrived within the past three years and are always maintained to the highest standards. Like many other businesses certain for-profit yacht charter businesses may qualify for business deductions including depreciation dockage maintenance and other related expenses for a yacht.
The phrase active yacht ownership refers to the business strategy of purchasing a yacht and placing it into a charter program to generate income thus reducing the cost of yacht ownership. Level of maintenance builder manufacturer warranty issues insurance hurricane plan the sale of owner time and yacht phase-out. Dream Yacht Charter is the only charter management company that offers six individually designed charter management programs.
They contend that it can be very difficult for a boat owner to prove active participation in a boat business and qualify for small business. Choose your boat choose where to keep it and let us help you achieve a better ownership solution. However notwithstanding the potential tax benefits most yacht owners will choose an LLC or another Corporate entity to reduce their personal liability associated with the yacht.