What you need to know about Boat Ownership and Registration | Boat Licenses in the USA | Boat Alert Blog
What you need to know about Boat Ownership
and Registration | Boat Licenses in the USA
Get ready to take boating licenses and safety courses in each state that offers them, as well as reading the resources listed in our guide
to obtaining a boating license. Follow the links below for information on the different types of boat owners and how they help to
facilitate ownership. For those about to buy a boat, please also read our Budgeting Your “Boat Dollars” article.
Bill of Sale Forms
When a person buys a vessel (boat, outboard engine, etc.) from a seller, the applicant must fill out some forms. This bill of sale form
must be completed when the property is transferred to a storage mechanic or a legally required lien on the ship or boat (outboard
engines and motors). If the person has purchased a vessel (boats, outboard motor, engines, whatever) or property from the owner of the
boat or an owner with a foreclosure or lien on the property, the applicant must also fill out these forms. For Florida, consult the Vessel
Titling and Registrations – Florida Department of Highway Safety and Motor Vehicles (flhsmv.gov) website.
Renaming a Boat after purchase
If a boat is handed over to you in your name within 30 days of purchase, even if it is in very poor condition or no longer operational, or
if the purchase price is much lower than the market value in its current condition, you may not be able to rename the boat until 30
days after purchase. The excise duty for a ship may set a higher value for a restored boat if you have to wait for the title to be
completed until all work on the ship is completed.
Penalties for not titling your boat
If you do not title a boat or outboard engine ship, there is a 10% title penalty, but this will be subject to a maximum penalty of
$1,000 for each year of no