Montana LLC - CO, IL & OH

[Ray Davis]

It did find it interesting that the finance company mentioned that some lenders are no longer lending to Montana LLC's.

That was the word I got when I financed my new coach. If I were planning on a Montana LLC, either the deal would have been off, or hampered in some way.


Joe, actually, I have no "problem" paying taxes in CA. I live here, and drive the roads, and feel it's the right thing to do. However, I certainly wish they were more reasonable in price. Right at the moment it's around $200 a month for yearly tags on a coach that I might drive 5000-7000 miles, many of them out-of-state!

Ray

[truk4u]

Deb,

Yes, some have used their home address for the Montana LLC's and that's where these 3 states are catching people. If your Montana LLC shows a Montana address, I wouldn't be concerned.

[rmboies]

Deb,

Yes, some have used their home address for the Montana LLC's and that's where these 3 states are catching people. If your Montana LLC shows a Montana address, I wouldn't be concerned.

ok, thanks Tom!

[Joe Cannarozzi]

With the HUGE tax savings by doing a Montana LLC, before purchase, one could take a small fraction of the savings and invest in some acreage there and establish residency (that alone would probably be a great investment) and then one could tell the local tax guy where to go.

Heck Ray, even not concidering the initial sales taxes, you could probably get at least a couple acres for what you would otherwise be paying for one years registration in Cal.

I think a gathering in Montana is in order. This type of leadership needs to be rewarded.

[rbeecher]

This LLC thing has the converters concerned, they feel if it goes away so will many sales.

I heard this just last week.

Richard Beecher
02 Marathon XLII 45
96 Vogue XL 40 for sale

[Just Plain Jeff]

Of course, this goes to another level of mis-understanding. A guy bought a new coach. He LIVES in Montana. Owns a mining company there, was BORN in Montana. Bought the coach to USE in Montana.

Of course, he got the most grief in registration recently than anyone else.

Go figure.

Lew?

[Jon Wehrenberg]

Having witnessed how hard up states with a spending habit (can anyone say New York?) relentlessly chase every dime, it is only a question of time before the Montana thing is over. I have said this before and been criticized, but despite everybodies' protestations the Montana LLC is simply a paper device to EVADE taxes. If the LLC had a business purpose any owner could thumb his nose at any state that tried to collect sales taxes.

Anybody can set up a business anywhere he chooses. If that business has a reason to own a coach and can prove it is a legitimate business you have not ony a means to AVOID paying a sales tax on the coach since Montana does not collect sales taxes, but it is probable if the business purpose generates revenues and the coach is used to generate those revenues that you can take the depreciation on the coach for tax purposes. That is like paying 50 or 60% of the price of the coach. What a deal.

If an owner insists on going the Montana LLC route, despite the risks, then the best way to do so would be to stay under everybody's radar. Use a Montana mailing address, register the toad in Montana, get a Montana driver license, and don't park the coach where it is visible regularly in another state.

[jello_jeep]

Big AMEN on that Joe!!!

I think a gathering in Montana is in order. This type of leadership needs to be rewarded.

[Toy Box]

You couldn't have said it better, Jon. We have seen many customers get caught trying to use a tax scam, I mean a tax loophole to purchase a large boat without paying the sales tax. I have seen many of them use an offshore angle to avoid the 6% Fla. tax and then a year or so later, they get caught and wind up paying the 6 plus 6 or 12% tax and penalty. It's just part of the purchase price. None of us like to pay any taxes, especially those that penalize our hard work. And who can enjoy seeing our "tax dollars at waste" like the current sewer project here in Lauderdale? We simply decided to pay the tax now and not look over our shoulder. Probably not what some fancy lawyer or finance man would do, but hey, the same folks tried to get me to refinance some property with a sub-prime loan!!!!!