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LAK II is a beautiful yacht that in a sense carries in her timbers the story of France over the past 85 years. https://www.sandemanyachtcompany.co.uk/yacht/742/LAK%20II Born in a brief period of optimism between depression and war, and somehow a survivor of that war’s deprivations; designed by a young naval architect, André Mauric, whose genius would later become universally recognised; vibrant participant in the carefree post war years, and in France’s intense America’s Cup campaigns of the 1970s... But in the end, a wonderful yacht because André Mauric had that touch of technical and artistic flair that guarantees immortality. LAK II was given a new lease of life in 2007 that ensures another lifetime of pleasure giving. In current ownership in England she has been recently given a fully electric propulsion system and new sails, and won her class at the 2022 edition of British Classic Week.
By placing a yacht into an LLC and operating it actively for profit, the owner is able to generate substantial tax advantages that further offset the cost of ownership. There are very specific rules and requirements that need to be complied with in order to meet the standard of actively operating a business for profit and taking tax advantages.
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