Key takeaways
When filling out and using the California Boat Bill of Sale form, keep these key takeaways in mind:
- Accurate Information: Ensure all details about the boat, such as the make, model, year, and hull identification number (HIN), are correct.
- Seller and Buyer Details: Include full names and addresses of both the seller and buyer to avoid any future disputes.
- Sale Price: Clearly state the sale price of the boat. This information is essential for tax purposes.
- Date of Sale: Document the exact date when the sale takes place. This establishes ownership transfer.
- Signatures Required: Both parties must sign the form. Without signatures, the document is not valid.
- Notarization: While not mandatory, having the bill of sale notarized can add an extra layer of protection.
- Keep Copies: Each party should retain a copy of the completed bill of sale for their records.
- Registration: Use the bill of sale to register the boat with the California Department of Motor Vehicles (DMV).
- Tax Obligations: Be aware that sales tax may apply. Check with local authorities for specific tax requirements.