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Originally Posted by sailingdog
Yes, but if your off on a trip to Central America, exactly how is a "share owner" supposed to get to use the boat...when he/she may have no interest in sailing in that part of the world.
Another possible way to finance the restoration of the boat is to setup a corporation for doing so, and hold fund-raisers and write grants. This is probably a better approach IMHO, as there will be no demands upon the boat from the "share owners". Given the age and construction of the boat, it may also be possible to setup a relationship with a local nautical or sailing museum.
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You raised some interesting points there
We need to be in complete agreement between shareholders on the navigation program, the perfect solution is if they know each other and want to do the same thing
Financing the restoration through a corporation is an interesting idea but I am not a US citizen or resident to start with,then the boat is actually british registred
But I would like very much to know more about this !
Can you give me more details ??
You can email me or PM me if you want .
Thanks a lot !