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438

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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725

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4

Subscribe to our channel to see more sailing cruiser highlights. Make sure to like and comment too. #sailing #sailinglife #sail

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2,545

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504