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 > Considering an LLC, looking for experiences

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Donna Jean

waterford

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Posted: 11/18/20 11:33am Link  |  Print  |  Notify Moderator

time2roll wrote:

Unless you are going full time two+ years I would not bother with the LLC.
Have you not registered the RV or paid sales tax yet? This whole thing works better if you buy in a no sales tax state such as MT.
Have you figured out your insurance?

I don't think you are going to save much after all the headache.


I am pretty sure we nixed the LLC idea. You can't title/buy the RV in a state you can not prove residence in and MT is not that easy you have to live there for a certain amount of time. Our best route will be to set up residency in SD 4% sales tax and no state income tax and they are friendly to RVers. Then when we come off the road and move to TN register it there.

Thank's everyone for your responses but i am good for now [emoticon]

ferndaleflyer

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Posted: 11/18/20 11:40am Link  |  Print  |  Notify Moderator

+ you are hearing from people that don't know what they are talking about. I mentioned above that I never transferred my vehicles from MD to NC when I moved 15 years ago and still maintain MD as my primary residence (I own homes in 3 states). Simple fact was it was going to cost me $10,000+ then I would have to pay personal property tax and vehicle inspection forever. Tax loop holes are not limited to the rich, you to can take advantage of them. I pay enough taxes!

dedmiston

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Posted: 11/18/20 12:39pm Link  |  Print  |  Notify Moderator

Donna Jean wrote:

Thank's everyone for your responses but i am good for now [emoticon]


This sounds like a good ending point.

Good luck to you.


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