Have you ever dreamt of owning a catamaran but hesitated due to the high costs? Catamaran Guru has been at the forefront of developing and operating the “Yacht As A Business”, or for us, “Catamaran As A Business” concept. We have not only advocated it to our clients, but have personally benefited from this program. We found that most yacht owners use this program as an avenue to acquire the cruising catamaran of their dreams for retirement at a huge discount. Others, like ourselves, use the yacht charter revenue together with the business tax deductions to reduce the costs of owning a very nice yacht that we enjoy now.
This video explores a unique and potentially tax-advantageous solution: using your catamaran for business purposes. Catamaran Guru offers a program to assist you in setting this up, but it's crucial to remember that the boat needs to be actively used for business, and specific tax laws apply.
In This Video, You'll Learn:
-The benefits of owning a catamaran as a business
-How Catamaran Guru's program can help you navigate the process
-Important tax considerations to keep in mind
-Steps to take to turn your catamaran dream into a reality
Catamaran Guru is a company dedicated to helping individuals like you leverage the power of catamaran ownership for business benefits. Their program provides guidance and support throughout the process, ensuring you make informed decisions.
⏰ Timecodes ⏰
0:00 Boating as Business
0:48 Ability & Intent to Make a Profit
1:27 Active Participation
2:14 What is Passive Participation?
3:10 The Hobby Loss Rule
4:18 The Best Business Structure (Limited Liability Company)
5:09 Section 179 & Bonus Depreciation
6:35 Crew Charter & Bareboat Charter
7:45 Active Participation in your Boat Business
12:20 Making a Profit & Investing in a Lifestyle
14:41 How will the boat cover its own costs?
15:28 Boutique Charter Companies vs Multinational Companies
16:33 Your Boat's Valuation & Tax Strategies
19:22 Crewed Yacht Charter Management
21:33 Finding Charter Management Representation
23:15 More Information & Contact us!
Catamaran Guru is your safe harbor for yacht sales, yacht ownership, liveaboard lifestyle and sailing education, and charter management. Visit our website for insider details on how to own and operate a yacht for less than you think! Get expert yacht buyer assistance to ensure you buy the right boat for you and your dream.
Learn More here: https://catamaranguru.com/your-personal-yacht-ownership-advisor/ Website: https://catamaranguru.com Featured Catamarans For Sale: https://catamaranguru.com/yacht-sales/featured-catamaran-listings/ Follow and Like Us on Instagram & Facebook: @catamaranguru Get the inside scoop on everything from the latest catamaran models to sailing tips and travel updates. We will only send e-mail updates for new posts or the info you request. We never share your information, NO spam! Check the boxes at the bottom of the form to indicate your interests. Subscribe to Newsletter - https://catamaranguru.com/subscribe-to-our-newsletter/Thumbnails
This information is general in nature and purchasers are encouraged to seek experienced legal counsel in yacht acquisition planning and implementation. Catamaran Guru is not a licensed tax attorney or CPA and is not qualified to give legal advice, but we can put you in touch with experts who are.