Corporate ownership and asset protection are at the core of yacht management.

Any yacht or vessel, whether pleasure or commercial, 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 but also to enable professional directors to handle the day-to-day administrative operations.  This frees the individual from the personal responsibility for invoices, insurance claims or crew employment issues.  This type of ownership is especially relevant with the increased use of commercial yachts and their demanding operational requirements.

The structures themselves vary; each individual situation is unique.  It may be a company in one of many jurisdictions, a partnership, limited or otherwise or even a trust.   Whatever it is it is an ESSENTIAL for a modern yacht.