How Can a Delaware Corporation and Vessel Registry Benefit You?
by Yacht Registry, Ltd.
Owning a large asset, such as a vessel carries certain risks that all owners must navigate. Many boat owners have recognized the value in establishing a Delaware corporate entity to own their vessel, rather than owning it in their name personally. A properly established Delaware corporation or LLC can limit or eliminate your personal liability in the event of an accident or other litigation. Delaware courts have a reputation of reaching reasonable and fair conclusions when construing corporate laws.
- Delaware has no sales tax, personal property tax or intangible property tax on corporations.
- No taxation upon shares of stock held by non-residents and no inheritance tax upon non-resident holders.
- A corporation may keep all of its books and records outside of Delaware.
Why should you allow Yacht Registry, Ltd. to assist you?
Yacht Registry, Ltd. can establish your new corporate entity and act as your registered agent in the State of Delaware. A registered agent is required when you do not reside within the State of Delaware to act as your own agent. We can help you to navigate the process of transferring the ownership of your vessel to your Delaware entity and have it registered with the State of Delaware and/or documented with the US Coast Guard.
Under our representation, we will help you to maintain your vessel’s and your entity’s compliance with the State of Delaware. We will notify you, a minimum of two months prior to, the annual report due date and expiration date of your vessel for renewal. We can handle all your filings to keep your company and boat in good standing to help you preserve the corporate veil and protect your assets!
We are your specialists, here to serve you! We have a dedicated team who have been assisting clients with asset protection and registration of yachts in Delaware for thirty-five years. We’ve been accredited with the Better Business Bureau since 1990 (with an A+ rating)
Delaware Registry/Yacht Registry is a YBAA Affiliate Member.