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 > Your search for 'Montana llc' found 51 matches.

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RE: Where to register/insure when full time

Thanks all so much for all this info!!!!! Much to my dismay although I already knew the answer (but was hoping) is if I buy my coach early, before I retire, I will have to pay Massachusetts sales tax on purchase and excise tax for every year registered in Mass until I finally retire and go fulltime. I was hoping there was a way, like many yacht owners do, to register in a tax friendly state even though I'm still a Mass resident for a few more years. You may find this document from the Massachusetts Inspector General's office of interest when deciding whether to pursue the Montana LLC option. It is interesting to note that ALL of the vehicles in Attachment A of the referenced report were observed within the borders of the State Of Massachusetts! In other words, the owners were simply foolish. As I previously stated, if owning a Montana LLC to purchase your RV means that you can NEVER bring it "home", DO. NOT. DO. THAT! Again: KNOW the laws. COMPLY with the laws. DOCUMENT your compliance with the laws. If you do those three thing, you will not have any problems!
mowermech 12/31/15 11:08am Class A Motorhomes
RE: Where to register/insure when full time

Thanks all so much for all this info!!!!! Much to my dismay although I already knew the answer (but was hoping) is if I buy my coach early, before I retire, I will have to pay Massachusetts sales tax on purchase and excise tax for every year registered in Mass until I finally retire and go fulltime. I was hoping there was a way, like many yacht owners do, to register in a tax friendly state even though I'm still a Mass resident for a few more years. You may find this document from the Massachusetts Inspector General's office of interest when deciding whether to pursue the Montana LLC option.
Dutch_12078 12/31/15 10:45am Class A Motorhomes
RE: Where to register/insure when full time

Thanks all so much for all this info!!!!! Much to my dismay although I already new the answer (but was hoping) is if I buy my coach early, before I retire, I will have to pay Massachusetts sales tax on purchase and excise tax for every year registered in Mass until I finally retire and go fulltime. I was hoping there was a way, like many yacht owners do, to register in a tax friendly state even though I'm still a Mass resident for a few more years. There is. Go ahead and get the Montana LLC, and buy your coach in Montana. BUT, carefully check the laws in Mass. to be VERY sure you fully comply with each and every one of them! It may well be that you can NEVER bring your coach into the State of Massachusetts! You just might have to park it on a storage lot in a neighboring state to avoid problems with Mass. authorities. As I have said repeatedly: KNOW the law! OBEY the law! DOCUMENT the fact that you have obeyed the law! And you will have no problems! An interesting side note to Montana registration is that all vehicles 11 years old or older; all trailers, regardless of size or type; all motorcycles, including street-legal ATV's; and all boats can have PERMANENT registration. After 2017 I will never have to worry about registration renewal! As for sales tax, IF it is ever passed, it is limited by the State Constitution to no more than 4%. At the present time, there is very little agitation to get such a thing passed. I don't think it will pass anyway, because it would mean that the Wyoming folks would have no reason to shop here!
mowermech 12/31/15 07:45am Class A Motorhomes
RE: Where to register/insure when full time

Folks generally don't use Montana as Domicile. they establish a corporation in Montana and the corp owns the motorhome based in Montana and Montana plates but the actual owner domiciles elsewhere (with the coach) Its a Quasi Legal tax dodge for those who have to pay lots of vehicle tax on purchase and tags. in their home state. If not done correctly It could be VERY a costly mistake. Not to mention Tax evasion charge. This subject is all over this forum and others ..i wonder how you could not find it? But Now you have! Don't reinvent the wheel 3 states are the choices for very good reasons. Actually I have read volumes on the whole Montana LLC subject and that wasn't my question. My fault I should have been more clear. Since many DO register in MT and they don't actually even live there I assumed it would be a good choice if you legally set up domicile there. Now I know other states are a better choice.
Two Jayhawks 12/30/15 02:21pm Class A Motorhomes
RE: Where to register/insure when full time

It's wise to be thinking ahead. In order to make the transition easier, do your research now. Every situation is different and what works for me, may not work for you. Establishing a domicile state should not be taken lightly. Tax consideration is but one small aspect. Health care is another. Medicare is easier in the bigger States than it is in smaller ones, but if you can get adequate care based on your health history, it may not matter. You need not own property in whatever state you choose. We chose South Dakota based on our situation and it's advantages to us. California sales tax was 9 3/4% and SD was 3%. That alone saved us $39,690 when we purchased our coach. But, you must use caution when deciding which is best for you. Don't decide simply based on tax savings. Since the home where you spend significant time per year is now mobile, you can choose any of the 50 States as your domicile state. The best way to avoid any future issues is to follow many of the guidelines set up by the IRS. They look at your "intent". Say you have friends/relatives in Ca. Your banking facilities are there, you're registered to vote there and you spend several months traveling up and down the coast. Most likely you would be considered a Ca resident. If you register your vehicles in SD/TX/Fla/Ore, you risk getting caught up in a tax mess eventually albeit a small risk. Decide on a domicile state and move EVERYTHING there...banking, driver's license, registration, voters registration, health insurance etc. etc. That way, you'll never have to be looking over your shoulder. Briefly, here's what we found. This info is 7 yrs old so take that into consideration. As mentioned, RV friendly States are SD, Fla and Tx. SD has no income tax, 3, now 4%, sales tax, low registration fees and no vehicle inspections. Your license is good for 5 years but you must stay one night within their State to renew. DL renewal cannot be done online without a receipt showing the one night stay. Everything else can be done online. Texas requires a vehicle inspection every other year, which could be a hassle. Florida had too many issues for our situation to consider their State. The Montana LLC angle you asked about has been abused to such an extent IMO, it's not worth the hassle. It can be done legally, but because of the rampant abuse, many States look closely to ensure you have followed the rules completely. I don't need that kind of aggravation in my life at this age. Things to look out for: Medical coverage, insurance coverage, tax advantages, ease of registration/DL renewal, cost of registering your vehicles, (watch out for hidden taxation) and insurance costs. Speaking of insurance, there are only a few companies that offer full timer insurance. Sure you can 'cheat' the system and not fully disclose you're a full timer but do you want that to become an 'issue' when you need the coverage? Full timer insurance includes an extensive comprehensive rider similar to the homeowner's policy of a stix n brix home. Expect to pay about $1500-$2000/yr for coverage. Everyone's situation is different. Use the above as a guideline and plug in your situation for each State, then choose the one that suits your needs the best. Once you've decided, you can then begin transferring all your stuff to your new State. We started 6 months before my retirement date so when I retired we were already residents of SD...7 years now and all is good....BOL...Dennis
Executive 12/30/15 11:04am Class A Motorhomes
RE: Colorado Ownership Tax

Thanks Mntman. It looks like I have to go through the specific county and they do have an online calculator, but its for cars, light trucks, and motorcycles and doesn't account for the 35,000 lb weight of an RV. Assuming a $250K truck (they are getting close), the ownership tax is $4,800. I wonder how much it changes when adding the weight. ownership tax? what the heck is that? Is that instead of sales purchase tax? do u pay Ownership tax once or every year? It is a tax Colorado has on every licensed vehicle or trailer on top of sales tax and the ownership is assessed every year. Plus they charge a road and bridge fee I see why so many people use Oregon,montana or south Dakoda to register their motor homes. no sales tax in Oregon or montana.low in Dakoda and NO personal property tax at all and cheap registrations and tags Glad I don't pay personal property tax or big yearly plate fees As a CO resident, it is illegal for me register it under a Montana LLC or through another state for he purpose of avoiding ownership tax or sales tax and I could face imprisonment. I'll pay the tax.
Mile High 12/22/15 08:10pm Class A Motorhomes
RE: considering Florida residence with Montana llc

This is one time it is worthwhile to read ALL the small print. The last three paragraphs are of particular interest. " Even if you can avoid your state’s sales taxes, you’ll be subject to an equal amount of use tax if you use the vehicle in your home state for more than a very limited amount of time. In many states, you’ll avoid use tax only if you don’t use the vehicle in your state of residence for a full year after you buy it. Others require that you don’t use the vehicle in your state for more than 90 consecutive days." Like I said, just don't bring it into your home state! Yes, in many states, your neighbors WILL call and turn you in! If you don't bring it home, they can't do that. Yes, some states have license plate inspectors checking repair facilities and storage lots. If you don't bring it home, they have nothing to see. KNOW, COMPLY, AND DOCUMENT. No problem. ^^^ This. Follow the law and you will have no problems. A racing buddy has a class 8 reg'ed in Mt through a practicing attorney licensed to do business in both states. What he is doing is perfectly legal according to his attorney who is licensed to do business in both states. The guy does not even have a class A commercial license. And that is perfectly legal according to his attorney who is licensed to practice law in both states. Follow the law and you will be fine. Don't, and you will more than likely have problems. Simple hu?
Turtle n Peeps 10/27/15 07:31am General RVing Issues
RE: considering Florida residence with Montana llc

This is one time it is worthwhile to read ALL the small print. The last three paragraphs are of particular interest. " Even if you can avoid your state’s sales taxes, you’ll be subject to an equal amount of use tax if you use the vehicle in your home state for more than a very limited amount of time. In many states, you’ll avoid use tax only if you don’t use the vehicle in your state of residence for a full year after you buy it. Others require that you don’t use the vehicle in your state for more than 90 consecutive days." Like I said, just don't bring it into your home state! Yes, in many states, your neighbors WILL call and turn you in! If you don't bring it home, they can't do that. Yes, some states have license plate inspectors checking repair facilities and storage lots. If you don't bring it home, they have nothing to see. KNOW, COMPLY, AND DOCUMENT. No problem. Simple. Purchase your new RV in Montana, park it in a storage lot in Montana, and you will have no problem. Do not drive it out of Montana and you can say with authority, I beat my "home" state out of the taxes they desire. Makes you feel good, doesn't it.
1968mooney 10/27/15 07:11am General RVing Issues
RE: considering Florida residence with Montana llc

This is one time it is worthwhile to read ALL the small print. The last three paragraphs are of particular interest. " Even if you can avoid your state’s sales taxes, you’ll be subject to an equal amount of use tax if you use the vehicle in your home state for more than a very limited amount of time. In many states, you’ll avoid use tax only if you don’t use the vehicle in your state of residence for a full year after you buy it. Others require that you don’t use the vehicle in your state for more than 90 consecutive days." Like I said, just don't bring it into your home state! Yes, in many states, your neighbors WILL call and turn you in! If you don't bring it home, they can't do that. Yes, some states have license plate inspectors checking repair facilities and storage lots. If you don't bring it home, they have nothing to see. KNOW, COMPLY, AND DOCUMENT. No problem.
mowermech 10/26/15 07:46pm General RVing Issues
RE: considering Florida residence with Montana llc

This is one time it is worthwhile to read ALL the small print. The last three paragraphs are of particular interest.
Moderator 10/26/15 07:07am General RVing Issues
RE: considering Florida residence with Montana llc

QUOTE: I think we whittled down our choice of state for residency as Florida but we are considering the Montana LLC to make the purchase. well.....using a Montana LLC "IS" tax evasion.Uh......no, there's nothing illegal pertains Montana LLCs, or ANY other State's Rights LLCs. Anyone can open an LLC in ANY State they want to - not just Montana. There are tons of LLCs in the States of Nevada and Delaware, for example that are used for huge corporations in any of the other 48 States. Very true. There is nothing wrong with at Montana LLC. Thousands of business use a LLC as their legal corporate structure. My business is a C corp because I could not get the protections I needed if I registered as an LLC, S corp, or sole proprietorship. As stated above - "Anyone can open a (an) Limited Liability Company in any state they want to - not just Montana". and "There are tons of LLCs in the States of Nevada and Delaware, for example that are used for huge corporations in any of the other 48 States". "My businessis a C corp because....etc." Key words are: "company, corporations and business". Varies by state: Your RV is now being used for/by a commercial business enterprise. It is a *commercial* vehicle subject to commercial vehicle registration requirements and regulations. Also - for LLC owners within the state - just as any other resident of the state, it is (or may be) subject to registration requirements within the state. In CA - you *will* have problems with a MT LLC owned vehicle. Problems? - How and where? Depends on time, place and LEO workload, but - any routine traffic stop (infraction, or?) by the CHP and/or Ag inspection station on entering the state. So you're not a CA resident ("just passin' through!") - at minimum, you have a commercial vehicle (as evidenced by the LLC) without commercial plates. BTW - CA residents can *legally* avoid sales tax on purchase of RVs. (The 90 day -now one year- rule). Might as well go fishin' - as the LLC may be a giant can of worms as LEO "bait!..:W ~
ol Bombero-JC 10/26/15 03:36am General RVing Issues
RE: considering Florida residence with Montana llc

QUOTE: I think we whittled down our choice of state for residency as Florida but we are considering the Montana LLC to make the purchase. well.....using a Montana LLC "IS" tax evasion.Uh......no, there's nothing illegal pertains Montana LLCs, or ANY other State's Rights LLCs. Anyone can open an LLC in ANY State they want to - not just Montana. There are tons of LLCs in the States of Nevada and Delaware, for example that are used for huge corporations in any of the other 48 States. Very true. There is nothing wrong with at Montana LLC. Thousands of business use a LLC as their legal corporate structure. My business is a C corp because I could not get the protections I needed if I registered as an LLC, S corp, or sole proprietorship. I incorporated as an "S" corp but actually had a business to protect. My financial advisor is Dave Ramsey, and he advises/opens a new LLC every so often to keep assets separate from others. There's nothing better than an LLC in any State, although Nevada, and Delaware are at the top of my list. LLCs are totally legal, there's nothing wrong with registering your RV with one either - in your State of choice. It's really easier to keep your expenses separate anyway. Sorry but unless you coincidentally happen to have a real advisor named Dave Ramsey, you are referring to a radio huckster. As for all the fantasy "protections" provided by your LLC, good luck with that. Ever sign a personal guarantee in any lending agreement? Ever know anybody left devastated after a judge awarded all their personal assets to creditors, even though they were allegedly protected by their magical "LLC"? Ask a bankruptcy lawyer, or county judge, how many times they have liquidated the assets of those who had significant holdings, or small businesses, and thought they were bulletproof due to their magical superman cape with LLC printed on the back. Countless times though the years I have stood at events and picnics, listening to loudmouths proclaim how smart they are hiding everything in their LLC. I generally just write it all off as clueless bluster. Every so often you get to hear the end of the story. In the most recent case it was a friend of the family who had a great, high paying, thirty year career in education, and was heading for retirement. She and her husband co-owned a medium sized trucking company that was hit hard in the downturn. She always said that in the end she would never lose anything they personally owned that wasn't related to the company, since it was an LLC. As expected, the guano hit the fan, and the company failed. The judge didn't really seemed to be all that impressed with their "we are hiding behind a corporation, and you can't touch us" theory. They lost almost everything, including a paid off house. After a lifetime of hard work they have an old car, some household goods and her pension. They rent a small apartment. Heck of a lesson to learn. Maybe she should of listen to more talk radio hucksters, eh?Sorry to inform you, but Montana LLCs are 100% legal in the entire Country. Not sure where you're getting your erroneous information from?
Skid Row Joe 10/26/15 01:06am General RVing Issues
RE: considering Florida residence with Montana llc

So you're saying that it's okay and legal to open a Montana LLC with the sole purpose of licensing your RV with the intent of avoiding taxes in your state of residence?Not sure where you're getting your information from? Montana LLCs are legal in 100% of the Country.
Skid Row Joe 10/26/15 01:05am General RVing Issues
RE: considering Florida residence with Montana llc

QUOTE: I think we whittled down our choice of state for residency as Florida but we are considering the Montana LLC to make the purchase. well.....using a Montana LLC "IS" tax evasion.Uh......no, there's nothing illegal pertains Montana LLCs, or ANY other State's Rights LLCs. Anyone can open an LLC in ANY State they want to - not just Montana. There are tons of LLCs in the States of Nevada and Delaware, for example that are used for huge corporations in any of the other 48 States. Very true. There is nothing wrong with at Montana LLC. Thousands of business use a LLC as their legal corporate structure. My business is a C corp because I could not get the protections I needed if I registered as an LLC, S corp, or sole proprietorship. I incorporated as an "S" corp but actually had a business to protect. My financial advisor is Dave Ramsey, and he advises/opens a new LLC every so often to keep assets separate from others. There's nothing better than an LLC in any State, although Nevada, and Delaware are at the top of my list. LLCs are totally legal, there's nothing wrong with registering your RV with one either - in your State of choice. It's really easier to keep your expenses separate anyway. Sorry but unless you coincidentally happen to have a real advisor named Dave Ramsey, you are referring to a radio huckster. As for all the fantasy "protections" provided by your LLC, good luck with that. Ever sign a personal guarantee in any lending agreement? Ever know anybody left devastated after a judge awarded all their personal assets to creditors, even though they were allegedly protected by their magical "LLC"? Ask a bankruptcy lawyer, or county judge, how many times they have liquidated the assets of those who had significant holdings, or small businesses, and thought they were bulletproof due to their magical superman cape with LLC printed on the back. Countless times though the years I have stood at events and picnics, listening to loudmouths proclaim how smart they are hiding everything in their LLC. I generally just write it all off as clueless bluster. Every so often you get to hear the end of the story. In the most recent case it was a friend of the family who had a great, high paying, thirty year career in education, and was heading for retirement. She and her husband co-owned a medium sized trucking company that was hit hard in the downturn. She always said that in the end she would never lose anything they personally owned that wasn't related to the company, since it was an LLC. As expected, the guano hit the fan, and the company failed. The judge didn't really seemed to be all that impressed with their "we are hiding behind a corporation, and you can't touch us" theory. They lost almost everything, including a paid off house. After a lifetime of hard work they have an old car, some household goods and her pension. They rent a small apartment. Heck of a lesson to learn. Maybe she should of listen to more talk radio hucksters, eh?
soren 10/25/15 07:32am General RVing Issues
RE: considering Florida residence with Montana llc

So you're saying that it's okay and legal to open a Montana LLC with the sole purpose of licensing your RV with the intent of avoiding taxes in your state of residence?
fj12ryder 10/24/15 07:25pm General RVing Issues
RE: considering Florida residence with Montana llc

QUOTE: I think we whittled down our choice of state for residency as Florida but we are considering the Montana LLC to make the purchase. well.....using a Montana LLC "IS" tax evasion.Uh......no, there's nothing illegal pertains Montana LLCs, or ANY other State's Rights LLCs. Anyone can open an LLC in ANY State they want to - not just Montana. There are tons of LLCs in the States of Nevada and Delaware, for example that are used for huge corporations in any of the other 48 States. Very true. There is nothing wrong with at Montana LLC. Thousands of business use a LLC as their legal corporate structure. My business is a C corp because I could not get the protections I needed if I registered as an LLC, S corp, or sole proprietorship. I incorporated as an "S" corp but actually had a business to protect. My financial advisor is Dave Ramsey, and he advises/opens a new LLC every so often to keep assets separate from others. There's nothing better than an LLC in any State, although Nevada, and Delaware are at the top of my list. LLCs are totally legal, there's nothing wrong with registering your RV with one either - in your State of choice. It's really easier to keep your expenses separate anyway.
Skid Row Joe 10/24/15 05:09pm General RVing Issues
RE: considering Florida residence with Montana llc

Quite a bit of interesting information on this thread. My $0.02: A) Every state will have requirements for which vehicles have to be registered in that state, based on some combination of residency, domicile, time in the state, phase of the moon, something; B) Every state will, in turn, impose obligations to pay tax on those vehicles either as part of the registration, property tax, fuel tax, "it's here, we'll tax it" or something; C) Every state will have requirements for establishing an LLC (or any other type of entity, partnership, etc). D) Every state will in turn have requirements and regulations about what that LLC must undertake to comply with those establishment provisions and "ongoing enterprise" statutes. E) Every state will have a tax regime that applies (or doesn't) a tax to a domestic (i.e. created in that state) LLC or other non-personal entity; IF one has a MH or other RV AND one's use of that MH or RV doesn't implicate tax obligations under A and/or B, AND one wants to setup an LLC in a different state in compliance with the requirements of C and D, AND one is willing to comply with the tax regime of that different state (per E), then go for it. I strongly suspect that many times there is not enough investigation and the people doing the "Montana LLC" thing aren't entirely compliant with the regulations in A & B or with the requirements of C/D/E.
PA12DRVR 10/21/15 03:29pm General RVing Issues
RE: considering Florida residence with Montana llc

QUOTE: I think we whittled down our choice of state for residency as Florida but we are considering the Montana LLC to make the purchase. well.....using a Montana LLC "IS" tax evasion.Uh......no, there's nothing illegal pertains Montana LLCs, or ANY other State's Rights LLCs. Anyone can open an LLC in ANY State they want to - not just Montana. There are tons of LLCs in the States of Nevada and Delaware, for example that are used for huge corporations in any of the other 48 States. Very true. There is nothing wrong with at Montana LLC. Thousands of business use a LLC as their legal corporate structure. My business is a C corp because I could not get the protections I needed if I registered as an LLC, S corp, or sole proprietorship. I incorporated as an "S" corp but actually had a business to protect.
NYCgrrl 10/21/15 02:20pm General RVing Issues
RE: considering Florida residence with Montana llc

QUOTE: I think we whittled down our choice of state for residency as Florida but we are considering the Montana LLC to make the purchase. well.....using a Montana LLC "IS" tax evasion.Uh......no, there's nothing illegal pertains Montana LLCs, or ANY other State's Rights LLCs. Anyone can open an LLC in ANY State they want to - not just Montana. There are tons of LLCs in the States of Nevada and Delaware, for example that are used for huge corporations in any of the other 48 States. Very true. There is nothing wrong with at Montana LLC. Thousands of business use a LLC as their legal corporate structure. My business is a C corp because I could not get the protections I needed if I registered as an LLC, S corp, or sole proprietorship.
mich800 10/21/15 01:00pm General RVing Issues
RE: considering Florida residence with Montana llc

Well, perhaps it's the fact that the Montana LLC is established strictly for the ability to dodge taxes in one's home/resident state. Maybe that throws a different light on it.
fj12ryder 10/21/15 12:26pm General RVing Issues
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