Kynntana (Freedom 38)
Join Date: Aug 2009
Location: San Francisco
Thanked 37 Times in 37 Posts
Rep Power: 7
Re: Mutiny at Dawn - Transpac Race 2013
Now, how a corporation owns a recreational vessel eludes me, since normally all the assets and functions of a corporation are, well, commercial by nature. But I'm so easily baffled by these things.
The business buys a boat, uses it for business purposes, then writes off the expenses on its taxes. The only thing that surprises me is why doesn't every company already have its own boat!