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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.
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A short highlight from this year's Congressional Cup match race in Long Beach CA.
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By far this is the best road trip we have ever done. We loved it so much we did it again. Many of the people that visit New Zealand often road trip around the South Island but I'm a firm believer that the North Island is just as beautiful, with the East Coast being just one example. We first did this trip in July 2022 and then again in September 2023 after Cyclone Gabrielle. The second time took longer to drive due to the extensive road works caused by the catastrophic damage from Cyclone Gabrielle so care was needed. Words cannot describe how beautiful this coastline is.
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