So you bought a boat, now what? 

Every boat needs to be registered and there are two ways to do so. Either State Title or Document with the US Coast Guard. A vessel of five net tons (25 feet or more) owned by a US citizen or owned by a business that is 75% US owned for pleasure is eligible for Documentation. Some advantages for documenting your boat are: 

  • You may be able to save on taxes depending on what state you are in. Click here to see your state registration and tax laws.

  • No tacky number stickers on the hull anymore.

  • Your certificate of documentation allows you to travel to foreign waters and gives clearance with foreign governments and provides certain protection by the US flag.

  • It is easier to get a bank loan or to refinance when the boat is US Coast Guard Documented. Click here for more info on getting a First Preferred Ship Mortgage.

Jessica KnabComment