Boating Tips: Can I Put a Boat Into an LLC or Trust?

Welcome to Boating Tips with MarineMax! This week we dive into what to know if you're considering the idea of putting your boat into a trustworthy LLC or trust. Ask your questions, make comments, and learn a thing or two about your favorite outdoor activity.

The Details

Firstly, the short answer is yes, you can indeed put your boat into an LLC or trust. Many individuals opt for this route, finding it a practical and potentially advantageous solution. However, as with any significant financial decision, there are nuances to consider.

When it comes to logistics, not all banks readily accept trust agreements. Some may, while others may prefer the simplicity of dealing with a shell LLC, particularly one focused solely on the boat as a single asset. Therefore, if you're contemplating financing your boat, it's crucial to understand the bank's stance on trust agreements and LLCs.

Consulting with a knowledgeable business manager, such as those at MarineMax, can provide invaluable insights tailored to your specific circumstances. They can guide you through the process, ensuring you have all the necessary information to make an informed decision.

Beyond the logistical considerations, there are potential advantages and disadvantages to placing your boat in an LLC or trust. These can vary depending on factors such as taxation, liability protection, and estate planning. It's advisable to conduct thorough research or seek professional advice to determine what aligns best with your individual needs and goals.

Ultimately, whether you choose to keep your boat in your name or transfer it to an LLC or trust is a personal decision. Each option carries its own set of implications, and what works for one individual may not necessarily be the best fit for another. Therefore, it's essential to weigh the pros and cons carefully before proceeding.

As you navigate this decision-making process, don't hesitate to seek input from experts or fellow boat owners. Their experiences and insights can provide valuable perspectives that may influence your final choice.


The ability to place your boat into an LLC or trust offers flexibility and potential benefits, but it's crucial to approach the decision thoughtfully. By considering the logistical, financial, and personal aspects involved, you can make an informed choice that aligns with your objectives.

Remember, whether your boat is under your name or that of an LLC or trust, the ultimate goal is to enjoy your time on the water to the fullest. Here at MarineMax, we can help you find your dream boat that you can chart your own path with. So, weigh your options, seek guidance when needed, and embark on your boating adventures with confidence.

Check out more of our MarineMax Boating Tips videos and see what you can learn from Captain Keith!


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