The Boating Forum - BOAT DOC. OFFSHORE ADVENTURES
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01-18-2006, 03:06 PM
Just wondering, noticed the GO FISCH is now Park City Utah on transom. I always thought the hailing port had to be where the boat was docked and used, not the owners home town. ??? Any ideas, right off??
01-18-2006, 03:18 PM
ever notice those liberian freighters?
01-18-2006, 04:44 PM
Corporate taxes is the most likely cause. Seems like a XM radio commercial talks about UTAH not have corporate taxes so therefore you incorporate your boat in a state like that to protect your personal assets from liability suits, etc. and reduce your tax liability on such a large object, like the Offshore Adventures boat. I guess the kicker is you got to make sure that the boat is underway and not in a port on January 1st so you don't get extra property tax bills in that town or marina.
01-18-2006, 04:54 PM
FOR TAX REASONS .until a few years ago when they must have changed the rules on the east coast all you'd see on most sterns was .............Del