Direct Savings For You
A car purchased under your LLC would not be charged any sales tax, nor would you be charged any personal property tax on registration. If you reside in Florida, for example, and your sales tax rate is 6%, then you normally pay Florida sales tax rates on any purchases you make. However, if you purchase a car under your Montana LLC, you owe nothing in sales tax! On a $35,000 car, that’s a savings of $2100!
Benefits of Also Owning an LLC in Another State
Another service we offer is LLC filing in other states. There are very specific advantages to filing in these particular states, so if you have questions about how this might work for you, feel free to give us a call. Please note that we can only register vehicles in Montana.
- Wyoming LLC: A good option if you own assets subject to either state income tax or capital gains taxes. Additionally, Wyoming does not require LLC owners to name themselves as owners on the filing paperwork. You will need to hire a registered agent in Wyoming to keep your LLC paperwork on file. Learn more about Wyoming LLC formation today.
- New Mexico LLC: Like Wyoming, New Mexico does not require your name or contact information to be listed as the owner of your LLC. An added benefit of a New Mexico LLC is that this state does not require a registered agent to keep your LLC information on file.
- Delaware LLC: If you plan to do business in another state, a Delaware LLC is a good option because they won’t charge you corporate taxes if you do business outside of Delaware. An added benefit of owning an LLC in Delaware is that they have a special corporate legal system set up to address corporate lawsuits.
Is a Montana LLC worth it for your car purchase and registration?
Yes. Every time!
Give us a call at 1-877-913-5100 to find out more and start the process today. You can also contact us get in touch with us online