WHERE SHOULD I FORM MY ENTITY?
May 16, 2022
3 minutes
BY RALEIGH P. WATSON, ESQ.
• Many buyers decide to take ownership of a vessel through an entity, the most common being a limited liability company, but sometimes through a corporation or limited partnership. The primary reason for owning a boat in a company is liability protection. Most savvy buyers form a separate entity for each individual asset, including large vessels, the idea being that the owner can limit its liability to the
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