✔ Simple
✔ Suitable for small pleasure boats
✘ Less privacy
✘ More liability exposure
Company Ownership
✔ Better privacy
✔ Required by many flags
✔ Limited liability
✔ Easier resale
✘ Annual company maintenance fees
Trust Ownership
✔ Strong asset protection
✔ Good estate planning
✘ More complex
✘ Not needed for most owners
Most yacht owners today use offshore companies for liability protection and flexibility.