@originaldohnthornton: Most yacht owners already hold the vessel inside an LLC / Corporation.
Why?
Because they know the yacht expenses can be deductible there.
But that’s only part of the problem.
Those entities are still publicly registered and publicly searchable.
Which means your yacht ownership can still be traced through state records.
Attorneys.
Creditors.
Investigators.
Lawsuit hunters.
And if there’s ever a major accident or liability issue involving the yacht…
that public ownership trail becomes a serious problem fast.
That’s why sophisticated yacht owners move beyond statutory law structures and hold the vessel inside a contract law spendthrift trust instead.
Now the yacht benefits from far greater anonymity, powerful lawsuit protection, and no taxable events — without the public exposure tied to LLCs / Corporations.
Same yacht.
Completely different level of protection (info purposes only; not a licensed tax, legal, or accounting professional) #taxdeductions #taxsavings #taxreduction #yacht
