This is a term that covers a variety of structures but is at the core of our yacht management expertise.

A large yacht is both an asset and a liability.  As an asset it needs protecting, as a liability it needs its risks managed.

Most large yachts are corporate owned, partly to safeguard the owner against liability claims and to enable professional directors to handle the day to day operations without the individual having to be responsible for each invoice, insurance claim or crew employment.   The structure may be a company in one of many jurisdictions, a partnership, limited or otherwise, and even a trust.   Whatever it is it is a MUST for large yachts.