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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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Two yachts charge side by side toward the finish line — spinnakers full, crews hiking out, pure speed and adrenaline! Captured from a chase boat for maximum drama. #CloseFinish #YachtRacing #SailingRace #RegattaDay #SailingShorts #OceanAdventure #SailingAction
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Flags of the International Code of Signals #sailing #flags #codes #signals #international #short
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