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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.
I went for a bike ride near the marina where Vie Sauvage is docked. I made a sudden turn down a street and ended up watching these guys playing cricket. When they asked if I wanted to play, I jumped up. My first time ever touching a cricket ball and bat! This will be a big part of my travels, experiencing new friends and new things. Food, culture, people, sailing. #adventuretravel #sailing