Montana Llc Rv

I m talking about the practice of setting up an llc business in montana to purchase a motorhome thus avoiding sales and use tax and often stiff registration fees in the owner s home state.

Montana llc rv.

A montana llc is considered a montana resident and like any other resident of montana won t pay a sales tax on any purchase. The scam works like this. Your exotic or expensive car or rv is purchased by. Let your montana llc buy it.

Most people go through a law office in order to do this. Rv model cost sales tax 6 849 montana llc savings. You don t buy the motor home your llc does. But then you are in violation of georgia law about registering your rv and paying the ad valorem tax.

You can setup an llc in montana and avoid georgia sales taxes. And georgia won t be happy about missing out on their 21 000 in ad valorem taxes. The strategy of establishing a montana llc to take title to an rv in order to make a legal tax free registration of the rv in montana in order to avoid another state s sales or use tax isn t for everyone. Thousands of rv owners around the country do this and dozens of montana legal.

Many rv buyers make this work by establishing an llc in montana and registering their rv as a business vehicle. A montana llc is no different than any regular business or corporation. Forming a montana llc to own vehicles or any kind of personal property is nothing different than the local handyman pulling up to your home in a work vehicle owned by handyman s service llc and pulling a trailer with tools in it that are all owned by the handyman s llc. With all tax issues it s crucial that rv owners find good legal counsel to help them make the right decision.

Now few topics in the rv world generate more discussion and heated debate than this one. So let s say that you are a georgia resident that wants to buy a really expensive rv. You own the llc outright. One of the biggest controversies in the rv world these days has to do with the fine line between tax avoidance and tax evasion.

So you can set up an llc in montana and purchase the motorhome in the name of the montana llc and register it in montana thereby avoiding paying sales tax in your state of residency. You hire a montana law firm to form a corporation or limited liability company llc for you. This misconception that this will either always work for someone or that it will never work for anyone is at the heart of much of the miss information out there. But it s not without risk.

And there is a lot of misinformation out there.