Well, we are, at least, about to possess ...

.... But the question is, how.

Various prior threads have dealt with various forms of ownership. We're
wrestling with whether to take the boat personally, form a corporation,
limited liability entity, limited partnership, general partnership, or
something else.

We'll have pretty limited assets other than the boat, so don't expect we'd
be 'targets' of any sort, but there may well be other reasons to take
possession other than just personally.

Do any here have experience in that area, and if so, why did you do it one
way or the other?

We'll be living aboard, as our primary residence, and are considering
financing for liquidity purposes, not for ability to buy, but might have
some use for write-offs, as we'll both be working during part of the year.
Unlike our original plans, we'll not use the boat in a charter or other
income generation, as far as we can see. Any legal or accounting types
looking on with experience in this (how to take possession, and why)?

Thanks.

L8R

Skip and Lydia

--
"Twenty years from now you will be more disappointed by the things you
didn't do than by the ones you did do. So throw off the bowlines. Sail away
from the safe harbor. Catch the trade winds in your sails. Explore. Dream.
Discover." - Mark Twain