Join Date: Apr 2006
Thanked 160 Times in 157 Posts
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Re: Mooring dance - Would you do this?
Graham, if your friend simply allows you to use "his" mooring, as a guest, is that a problem? Not lease it, but guest. You really need to find out the specifics of the laws as to what is allowed on the mooring, sometimes it is just that simple.
Of course that might leave him liable for some kind of mooring failure, but there's insurance for that and if you pay his costs for that, that's also simple.
If the laws only allow "his" boat on "his" mooring then your best solution is probably to register a limited liability corporation (LLC) so that he's a part owner and can moor his boat, but there are limits on his liability. And again, you'd be picking up the insurance anyway.
Shouldn't be so hard, if you have the specific laws to look at. And setting up an LLC isn't terribly expensive in most states these days, even with legal help.