Frequently Asked Questions

Frequently Asked Questions

What does it mean to own a yacht in an LLC?

Through the Mari~Time program you purchase a share in a property specific LLC. A legal business entity composed of individual owners that acts to protect its owners from personal liability. A blend of partnership and corporation, LLCs have their own bank account, tax ID number and assets. There are costs associated with an LLC and for keeping it in good legal standing.

Can I finance my purchase?

Yes. We provide financing options for our buyers through a network of institutions. You are also free to use other sources of cash and credit options.

What if I want to sell my ownership interest?

The Mari~Time owner can choose to sell their interest at any time. With an LLC co-ownership, each owner maintains independent control over the sale of their share. When you’re ready to sell, let us know. We’ll share current market data and what active buyers are willing to spend. You can match this with your own data to help set a sale price.

Is Co-ownership new to yachting?

Owning a yacht in an LLC co-ownership is not a new practice. As in many categories, that include real estate and aircraft, an LLC provides owners with protections, privacy, and flexibility.

What monthly or annual expenses will I have to pay?

Operating cost, such as regularly scheduled maintenance, mooring, taxes and insurance, are passed along directly to owners. Costs are shared on pro rata. Additional fees for LLC oversight will be incurred.

How do I schedule my time?

We’ve made scheduling easy through our Owners app, accessible via mobile, web-portal, or calling the Concierge desk. This ensures an equitable distribution of time for long term plans and short-term availabilities.

Can owners rent out their time on vacation rental or similar sites?

No, owners are not allowed to rent out or sell time, including on vacation rental or public listing sites and services. All guests must be registered through the Owners app and confirmed by the Concierge Service.

Who manages and maintains the yacht?

Each vessel is under the expert care of a licensed captain, crew, professional staff, concierge, and maintenance team. We manage the details to ensure your enjoyment and peace of mind.

What Mari~Time policies must owners adhere to?

All owners must adhere to the owner Code of Conduct. These policies include disruptive behavior and strict safety standards while aboard.

Can I captain my yacht?

The Mari~Time program includes a captain for a safe and enjoyable experience. If an owner is certified and can be covered under insurance, they may take on the responsibilities as captain.