Having a modest Coast Guard Bill of Sale is no longer necessary. Only ships with a length more than or equal to 12 meters are subject to the new regulation. You may now apply for a Coast Guard Bill of Sale on your own, without the help of an attorney or other third-party service provider, if your vessel is 12 meters or longer. Use the Vessel Documentation Online, LLC’s newly enhanced online application option from the convenience of your own home or workplace! Why use the Vessel Documentation Online, LLC to get a USCG Bill of Sale? So, you can save some time.
You don’t have to fill out paperwork or go to our offices and wait in line when you use our online method. Many prefer our safe and secure online solution because it offers privacy and security while still being simple to use. Fill out the accompanying form, phone to set up an appointment, and bring the necessary papers. You can do it in a matter of seconds! At the Vessel Documentation Online, LLC, you save time and money by applying for a Coast Guard Bill of Sale. There are many reasons why you should apply for a Coast Guard Bill of Sale when selling your vessel. Here are some of the most compelling reasons:
It’s The Official Document Stating That the Sale Has Taken Place.
The Vessel Documentation Online, LLC will produce a document declaring that the vessel is no longer in your ownership when you file for a Coast Guard Bill of Sale. A vessel must have one to be properly titled and operated in that state, according to archives.gov. If you’re in Connecticut, you must first get either a certificate or a bill of sale by Connecticut General Statutes Section 15-40 before you may operate any watercraft in the state’s waterways. In order to run your yacht, a bill of sale is necessary. This paper can be utilized instead of having a tangible product that may be stolen or changed. As a result, having the Coast Guard Bill of Sale guarantees that the Coast Guard has comprehensive documentation of boats that have been sold.
Coast Guard Bill of Sale Documents the Condition of The Vessel at The Time of Sale.
In order to prove the vessel’s previous condition to the new owner, the seller must provide a copy of the vessel’s inspection report. The vessel’s condition is recorded when a Coast Guard Bill of Sale is used. An online checklist and form created by Coast Guard Vessel Documentation Online, LLC ensure that the transaction is properly recorded and agreed upon by both parties. It might be difficult or impossible to prove or verify that a boat was sold in its original condition or according to the seller’s description in a private transaction. Even vandalism might have destroyed a boat’s hull and other equipment, such as its machinery and furnishings. There may be liens on the boat that the buyer does not know about until they get a Certified Letter from their bank telling them they can’t register their boat until those liens are paid off; if a title search is not completed by an attorney, any boat being privately sold. When purchasing a vessel privately, there is no way to ensure that the buyer did not entirely modify the seller’s description of its systems or equipment.
The Seller Can Use It to Claim Any Applicable Tax Deductions on Their Taxes
Several tax claims may be made to optimize your tax return now that tax season has begun. In certain situations, you may be able to deduct a part of the revenues from the sale of your yacht from your income taxes. How filing a Coast Guard Bill of Sale online will help you save time and money is something you may be asking. It’s very simple: the Vessel Documentation Online, LLC will generate your Coast Guard Bill of Sale in less than 24 hours, allowing you to utilize it to claim the necessary tax deductions on your federal income tax return for the year in which the sale occurs. Each year, many Vessel Documentation Online, LLC customers choose to sell their vessels to benefit from a variety of tax benefits.
If you’ve been looking for a boat but can’t seem to locate one that fits your budget, this offer from Vessel Documentation Online, LLC may pique your curiosity. Applying for a Coast Guard Bill of Sale may now be completed from the comfort of your home. All boat owners should be familiar with their vessel’s title so that it may be passed down through the family for many years to come. An application form must be completed and submitted at least twenty-four hours before the vessel is transferred from one owner to another by the vessel’s owner or co-owner. The Vessel Documentation Online, LLC will provide you with a receipt for the transaction and a letter of documentation after your application has been processed. The sooner you have your Coast Guard Bill of Sale, the better! Call us at 1-800-340-7580 right now.
