Montana Llc Rv

But it s not without risk.

Montana llc rv.

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. And georgia won t be happy about missing out on their 21 000 in ad valorem taxes. Your exotic or expensive car or rv is purchased by. Let your montana llc buy it.

But then you are in violation of georgia law about registering your rv and paying the ad valorem tax. So let s say that you are a georgia resident that wants to buy a really expensive rv. 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. Most people go through a law office in order to do this.

With all tax issues it s crucial that rv owners find good legal counsel to help them make the right decision. A montana llc is considered a montana resident and like any other resident of montana won t pay a sales tax on any purchase. 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. 2020 newell coach p50.

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. Montana llc form an llc in montana. One of the biggest controversies in the rv world these days has to do with the fine line between tax avoidance and tax evasion. Thousands of rv owners around the country do this and dozens of montana legal.

Rv model cost sales tax 6 849 montana llc savings. 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. The scam works like this. Depending on your state s sales tax rate you can legally save 25 000 or more on your purchase.

And there is a lot of misinformation out there. You can setup an llc in montana and avoid georgia sales taxes. You hire a montana law firm to form a corporation or limited liability company llc for you. You don t buy the motor home your llc does.

Many rv buyers make this work by establishing an llc in montana and registering their rv as a business vehicle.