I guess I don't understand your question. If you own the corporation
and your corporation sells the boat then the corporation accepts the
profit or loss. Your corporation would have to pay income tax on a
profit but it's hard to see how a boat sale could be made profitable.
But I'm no accountant so I don't want to lead into murky waters. Please
check this information. All I know is a lot of folks do it this way.
-----Original Message-----
From: Bob & Debbie Huddleston [mailto:huddlestonB_D@email.msn.com]
Sent: Thursday, September 03, 1998 4:35 PM
To: trawler-world-list@samurai.com
Subject: Re: taxes
If you set up an Oregon Corporation, what happens when you decide (Good
forbid) that you want to sell the boat?
<SNIP> so Uwe won't "pull the pin"
Dear All:
We are beginning to build the cabin of SUSIEQ and need advice from
those of you actually cruising.
Thanks
Peter Denton
At 09:26 PM 9/5/1998 -0400, you wrote:
Dear All:
We are beginning to build the cabin of SUSIEQ and need advice from
those of you actually cruising.
Thanks
Peter Denton
Hi Peter,
I made the bottom of the windows a little less than the height of eye when
you are sitting on the type of furnitue you will have in your cabin. Wirh
out getting up you will be able to see to the horizon. This will make it
very comfortable to look about, as it should be while lying in that
beautiful anchorage.
Re: Insulation. I had 2x2studs in the walls and 2xx6 beams in the overhead
filled with glass wool insulation. Made for a very quiet, cool or warm as
you like it cabin.
I had my trawler built in 1970, a 42 trawler built on a Bristol
Eldridge-Mcginnes design. The whole package with a 215hp Cummins diesel ran
about 38K. I sold it 22 years later after 8000 engine hours for more than
twice its original price.
Good Luck with your venture. I wish I was there---strictly as a supervisor.
Al
Captain Al Pilvinis
2630 N.E. 41st Street
Lighthouse Point, Fl 33064-8064
Voice 954-941-2556 Fax 954 788-2666
Email - CaptainAl@Juno.com
Website http://home.earthlink.net/~yourcaptain
Sue Culbreth wrote:
On that subject, we modified our berth in the aft stateroom of Four
Seasons to a Queen size, which is roughly square. It's a Select Comfort
air bed, which makes it light and easy to move to get underneath, but
that's a side issue. the point is, you can sleep athwartship, which we
prefer, or you can sleep the other way if the rolling gets too much.
Russ
--
|----------------------------------------------------------------------|
| Russ and Donna Sherwin |
| "Four Seasons" |
| 1981 Marine Trader DC44 |
| Sunnyvale, Ca 94087 |
|----------------------------------------------------------------------|