We normally think of a yacht as a personal
extravagance. It is something you buy to
celebrate your success and to give yourself the kind of luxury that success
affords. And it gives you the chance to
have some very private holidays and vacations in high style with an attentive
crew on board and still to have the privacy and complete liberty that is not
possible in a hotel or resort. This
combination of freedom, privacy and luxury is what makes yachting such an
attractive pastime for so many including perhaps many of your friends.
But there are some very solid businesses reasons for
maintaining a yacht as well. And whether
you make that yacht a private possession or a corporate asset, you may find
enough business reasons to maintain the craft to make it entirely a business
expense. And it will be one that will
pay off well for the cost of the yacht along with maintenance and storage.