T&T: Delaware Corp ownership question
Carolyn Chancellor
clchancellor at charter.net
Tue Jun 3 16:12:40 EDT 2008
Thanks for the feedback. As I suspected, the corporate thing doesn't
help with taxes. Our main interest in an LLC ownership is for better
liability protection. I am slowly sorting out the rules & regs that
will pertain to us living in Texas. Looks like we will owe a sales/use
tax 90 days after bringing the boat to Texas. The boat can still
legally be documented as a Delaware boat with the USCG and will show a
Delaware city as it's "home port" but with a TX registration sticker.
Carolyn
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