Estimate all costs including fuel captain and crew maintenance insurance and other fees depending on the type and use of the vessel.

Setting up a yacht charter company. Its a good idea to have a vessel manual on the boat with this information in it. You need to fully brief the person hiring your boat so that they know how to operate it and use any of the safety equipment onboard. Catamaran sailboats power boats and the traditional mono-hull sailing yachts.

The management and representation of a NEPA are assigned to a Board of Directors which includes at least three members shareholders or not. We plan to buy the yacht through a limited company and for each of us to hold 25 of the shares. Maarten he stumbled into the day charter business by agreeing to take a few people out for the day on his 41ft sailing catamaran Celine.

Choosing the right vessels to be chartered is another important aspect to verify prior to opening the. People wont take a chance on a boat theyve never heard of however good you know it to be. After many years we have finally given up to the dozens of requests we have received to build a comprehensive guide on How To set-up a successful yacht charter company and build your own charter business.

Your business plan will also answer questions such as the size of yacht you plan on managing the destinations you wish to charter and the type and size of clientele groups you want to accommodate. Whatever your reason Catamaran Gurus team of experts can set up your yacht charter business in compliance with tax authorities to suit your individual financial and personal goals. Determine how much it will cost to dock your yacht versus operating at sea.

Or ii set up a holding or parent company in a state that gives the single-member LLC the same protection as a. Establish a Yacht Business Purpose Set up a business partnership with a charter management company that understands the guidelines and will book the yacht for charter. Robert says when he arrived in St.

The people enjoyed themselves so much that they made him an offer for the boat. Set up your charters as a business usually an LLC and make sure you have adequate insurance to cover liability and damage to the vessel. I create at least a two-member LLC with sufficient legal documentation including an operating agreement and annual company minutes etc to reflect that the two-member LLC is indeed a separate entity and has been treated as such.