Hey Ballers.
I finally pulled the trigger and started digging my ski lake. Hoping to have it filled and ready to go by mid May. I have some questions about mitigating risk, structuring memberships and rates, boat usage, insurance, dock design etc.
Is an LLC the best way to mitigate risk in the event that someone gets hurt and the insurance isn't enough?
What other ways do you mitigate risk?
How have you structured your memberships?
Amounts charged
Single
Family
Per pull
Boat time?
Do you use an hourly rate?
Does it include fuel?
What about damage?
Insurance
Who do you use?
What are the coverage amounts?
What premiums are you paying?
Any dos or don'ts with regard to dock design?
Planning on having an enclosed boat house with a lift and then a covered deck.
Thanks in advance!