Using a Recreational Boat For Profit May Sink Your Client!

Willcox & Savage

Buying, maintaining and using a recreational boat is always a pricey diversion. As inflation rises and costs mount for boat operation, owners will look for ways to reduce the overall expenses associated with this activity. Boat owners may increasingly consider “renting” their recreational boats as a means of generating income to defray operating and overhead costs.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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