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Tamaroak
 
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Default Boat for Hire Financial questions

I've got a 50 ton master's license for the Great Lakes and would like to
try to make a few bucks to offset the cost of a new boat by giving boat
rides to people on the Great Lakes. The rides could be last from an hour
to a long weekend. One source is obviously those who are doing it already.

I'm trying to find other sources in the way of publications, IRS data,
internet forums or any general advice about the idea. I'm wondering what
to charge, how to deal with the insurance, USCG unknowns, S-corp issues
and other tactics to set up a part-time business like this.

I still have to have a US laid keel or get the waiver, right? And it has
to be USCG documented.

Capt. Jeff
 
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