One advantage of documenting the boat, even if the state requires the boat be state-registered, is that it is a one-time fee and makes it unnecessary to have the state registration numbers on the bow. IMHO, those numbers are UGLY. It also makes selling or financing the boat simpler.
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You know what the first rule of sailing is? ...Love. You can learn all the math in the 'verse, but you take
a boat to the sea you don't love, she'll shake you off just as sure as the turning of the worlds. Love keeps
her going when she oughta fall down, tells you she's hurting 'fore she keens. Makes her a home.
—Cpt. Mal Reynolds, Serenity (edited)
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Still—DON'T READ THAT POST AGAIN.