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Now that my daughters are growing up and have their own plans nowadays, I am much more by myself and that takes some time to get used to. I knew this moment was coming, but experiencing it is something else. 😳 How do I deal with ‘Vita’ instead of mum...well, solo sailing, for instance! Exciting but completing from A-B-A on your own gives me such a positive boost. It feels like a victory and makes me stronger every time.☺️ How do you cope with change of life?❤️
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.