Should i start an llc or corporation for my boat?

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Brooks Stiedemann asked a question: Should i start an llc or corporation for my boat?
Asked By: Brooks Stiedemann
Date created: Sat, Jul 3, 2021 1:06 AM
Date updated: Mon, Aug 1, 2022 6:44 PM

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Top best answers to the question «Should i start an llc or corporation for my boat»

  • Both an LLC and a corporation provide personal liability protection, which is ostensibly the main goal of putting your boat into a corporate environment. Both LLC’s and Subchapter S Corporations provide pass-through taxation – meaning you would report profits and losses on your personal tax returns.

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