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Search: Posts Made By: Blueabyss
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04-17-2018, 10:17 AM
Replies: 10
Views: 1,688
Posted By Blueabyss

JR your ins company said that due to them giving...

JR your ins company said that due to them giving you a quote for Non business purposes . They or someone else will write it, at a higher rate, if you plan on doing charters. I dont know anyone in a...
04-17-2018, 10:10 AM
Replies: 10
Views: 1,688
Posted By Blueabyss

Jupiter I am sure your friend with the 300k boat...

Jupiter I am sure your friend with the 300k boat just waited them out. In general they can only sue the LLC . So he said sure here are the keys to a depreciating asset that needs 80k in engine...
04-17-2018, 10:01 AM
Replies: 10
Views: 1,688
Posted By Blueabyss

I am not a tax pro and I am not giving tax...

I am not a tax pro and I am not giving tax advice... But... In general if you you have an expensive item like a boat or airplane in an LLC, and someone wants to buy it, The buyer buys the LLC and...
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