Since we get so many questions about what kind of legal entity a person should use when setting up a boat sharing partnership, I wanted to take a moment to provide a brief outline of the some of the common choices using a scenario that was submitted to our forum this week, i.e., someone owns […]
As a practical matter, has anyone ever found a boat sharing partner online? Even a quick look at the various boating blogs, forums and bulletin boards indicates there are a large number of people actively looking for boating partnerships, but has anyone ever found one through one of these avenues? I see post after post […]
While the question is a little fanciful, it is actually designed with a serious purpose – to examine whether there are good reasons, other than cost savings, for bringing partners on a boat. To be sure, money is a perfectly valid and compelling reason to share a boat, but it may not be enough to […]
Give us your good, your bad and your ugly. We want it all. Best story gets a free year of Nautical Monkey and, of course, Accolades, Fame and Notoriety Worldwide!! Who can take part? Anyone who has experience with, an opinion about, or wants to start a dialog about, sharing a boat. What we want […]
Nautical Monkey had the guys from Thrillist Austin come out for a tour of our web site and the boat that spawned the idea – Dot Calm. Have a look at the absolutely hillarious video they produced and read the article here at Thrillist Austin
One of the primary questions we get asked when people are thinking of sharing a boat is how many partners they should have. Most people can get their mind around two people sharing a boat. Communication and scheduling aren’t too difficult with two people and if something happened to the boat and you didn’t do […]
We have seen a myriad of different partnership arraignments work. Family partnerships, business partners or friends who purchase a boat together, relative strangers who become a member on a boat and remain for years – there really doesn’t seem to be a single defining characteristic that insures success in a boat sharing relationship. There are, […]
First, for clarification’s sake, an LLC (Limited Liability Company) is a type of corporation. However, for ease of discussion I’ll use the term “corporation” to refer to a Subchapter S Corporation (we will leave C Corporations out of this discussion as impractical for putting a boat into). In the world of boat sharing, there is […]
