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[Music] chartering is a term for hiring out a boat some owners Charter their boats on an occasional basis to help with running costs others make arrangements with a charter management company to arrange bare boat and crude yacht charters for them either way if youre thinking about chartering your boat you should be aware of the many applicable rules and regulations if you want to avoid getting yourself in deep water whatever the type of Charter Arrangement chartering can expose you to docHub risk if you fail to plan and take sensible precautions with that in mind one option to consider is to place your boat in a limited liability company this video is a basic overview of how to set up an LLC before you make the decision to set up an LLC consult with an attorney or a tax professional to determine if this scenario is suitable for your situation the following discussion provides a general overview of the steps in setting up an LLC and the implications of having ownership of a boat i
