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Documentation

GN
George Nason
Wed, Oct 24, 2007 11:09 PM

Bob stated the following:

'We documented our vessels--and made sure that they were not taxed as we
traveled.  I would see no reason to have a vessel registered in a state--in
fact documentation probably makes clearance easier.'

I am an Aussie about to go back to the US and start cruising towards the
Panama Canal on our way home in 2008.  We have had more than a few problems
sorting out documentation.  We have registered 'Venture' a Nordhavn 43 in
Delaware.  As we are Foreign Nationals we cannot obtain USCG Documentation.
Do you think this will be a problem in the Caribbean, Panama and the Pacific
Islands?

George Nason

Bob stated the following: 'We documented our vessels--and made sure that they were not taxed as we traveled. I would see no reason to have a vessel registered in a state--in fact documentation probably makes clearance easier.' I am an Aussie about to go back to the US and start cruising towards the Panama Canal on our way home in 2008. We have had more than a few problems sorting out documentation. We have registered 'Venture' a Nordhavn 43 in Delaware. As we are Foreign Nationals we cannot obtain USCG Documentation. Do you think this will be a problem in the Caribbean, Panama and the Pacific Islands? George Nason
SB
Scott Bulger
Thu, Oct 25, 2007 1:49 AM

If you can find US surrogates you can form a US corporation and have it own
the boat.  Your US surrogates need to be officers of the corporation.  You
must have an annual meeting and take minutes.  There is a guy in San Diego,
Chris Winther who can set up the corporation for you.  I only know this
because my boat was owned by a German couple who did this to save on taxes.
Being an upstanding conservative American anxious to help defray the cost of
the gulf war I paid the $40,000 tax when the boat was brought into
Washington state.  Honestly, I've never been good at the tax dodge,
something about giving unto Ceasar. Wow I bet I'm getting lots of people
riled up with these comments.  Relax, this is all true, but it's just the
way I did it.  If you don't pay the tax, bully for you, I just am not smart
enough to figure it out.

Wait a minute, Venture was the Nordhavn 43 that the USMA graduate and 4
others got in to go around the world, they had problems and abandon the boat
in Darwin.  It was shipped back to the US to sell and NOW your taking it
back to Australia?  This is insane.

Well Marge, I guess you were right and I was wrong.  When the topic of the 5
USMA guys came up several people commented that it seemed foolhardy or
otherwise foolish.  I was quick to defend them observing we didn't know much
about them.  I wonder if anyone knows the whole story?  Anyway, quite a boat
with history, that Venture!

Scott Bulger, Alanui, N40II, Seattle WA

Oh, as I typed this I finally realized you weren't asking about getting US
documentation, you were asking if not having documentation would be a
problem as you take the boat South.  Why the heck was it even registered in
Delaware?  I'm confused and hungry, see ya!

If you can find US surrogates you can form a US corporation and have it own the boat. Your US surrogates need to be officers of the corporation. You must have an annual meeting and take minutes. There is a guy in San Diego, Chris Winther who can set up the corporation for you. I only know this because my boat was owned by a German couple who did this to save on taxes. Being an upstanding conservative American anxious to help defray the cost of the gulf war I paid the $40,000 tax when the boat was brought into Washington state. Honestly, I've never been good at the tax dodge, something about giving unto Ceasar. Wow I bet I'm getting lots of people riled up with these comments. Relax, this is all true, but it's just the way I did it. If you don't pay the tax, bully for you, I just am not smart enough to figure it out. Wait a minute, Venture was the Nordhavn 43 that the USMA graduate and 4 others got in to go around the world, they had problems and abandon the boat in Darwin. It was shipped back to the US to sell and NOW your taking it back to Australia? This is insane. Well Marge, I guess you were right and I was wrong. When the topic of the 5 USMA guys came up several people commented that it seemed foolhardy or otherwise foolish. I was quick to defend them observing we didn't know much about them. I wonder if anyone knows the whole story? Anyway, quite a boat with history, that Venture! Scott Bulger, Alanui, N40II, Seattle WA Oh, as I typed this I finally realized you weren't asking about getting US documentation, you were asking if not having documentation would be a problem as you take the boat South. Why the heck was it even registered in Delaware? I'm confused and hungry, see ya!