Montana Vehicle Registration - THE ULTIMATE GUIDE...vehicle registration process. This means that you won’t have to worry about whether your vehicle classiﬁes for special plates,

1 © copyright 2017 Deer Creek Corporate Services/LLCTLC | 877.913.5100 | [email protected]

T H E U L T I M A T E G U I D E

On Vehicle Registration With Your Montana LLC

© copyright 2017 Deer Creek Corporate Services/LLCTLC | 877.913.5100 | [email protected]


Index

Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

Starting a Montana LLC - Is it Difficult? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4

Purchasing a Vehicle Using Your Montana LLC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5

Vehicle Registration Tips for Montana LLC Owners . . . . . . . . . . . . . . . . . . . . . . . . . 7

How Many Vehicles Can I Buy Under My LLC? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9

Can I Drive My Vehicle if I Live in Another State? . . . . . . . . . . . . . . . . . . . . . . . . . . . 10

Contact LLCTLC Today to Start Your Montana LLC . . . . . . . . . . . . . . . . . . . . . . . . . . 11


Introduction

Owning a Montana LLC offers many financial benefits, including the ability to

spend less on vehicle purchases and registration made under the LLC’s name.

In Montana particularly, there are distinct advantages that make this state

one of the friendliest to LLC owners, especially when it comes to sales tax and

vehicle registration costs.

A recent study from PKF Consulting proves that the typical family vacation

involving airplanes, hotels, and rental cars has a bigger carbon footprint than

traveling with the same family in an RV (RVers save money too — as much as

61%).


Starting a Montana LLC – Is It Difficult?

The Internal Revenue Service classifies an LLC, or Limited Liability Company,

as a standalone entity. An LLC must have at least one member, and will be

categorized by the IRS as either a partnership, corporation, or as part of the

LLC owner’s individual tax return.

Although each state has its own rules, Montana is a very popular state to start

an LLC in because of their tax-friendly laws for LLC owners. Some things you

should know about the benefits of owning a Montana LLC:

LLC owners can itemize business-related deductions on their LLC’s tax

return.

New 2018 tax rules for personal income tax returns prohibit

individuals from claiming itemized deductions. The only way to

itemize deductions is to own a business such as a Montana LLC.

A tax professional can help you maximize your itemized deductions

and save you even more overall.

A Registered Agent is required in Montana for all LLCs. LLCTLC can

serve as your Registered Agent, filing all necessary paperwork for you

with the state of Montana…and all for one flat fee.

Annual renewal of your LLC filing is all that is required to keep your LLC

viable and active. LLCTLC will handle 100% of your paperwork each

year.

Vehicles can be purchased under your LLC without owing sales tax

because Montana is a “no sales tax” state.

Depending on where you live, this can be a significant savings on

sales tax alone!


Purchasing a Vehicle Using Your Montana LLC

Sales tax ranges from state to state, with some state counties charging as

much as 10% on all purchases. For large ticket items, a tax rate of 10% can

add up to thousands of dollars. Savvy shoppers can start a Montana LLC and

then purchase their vehicles wherever they want to, yet owe no sales tax at

the time of purchase.

How is this possible? Your LLC is registered in the state of Montana. Remember

that the IRS considers an LLC as its own entity, so purchases made by the LLC

are considered as business purchases.

If you were to buy a vehicle under your own name, your personal credit would

be checked, the loan would be taken out in your name, and the vehicle

registration would be registered under your name as well.

With a Montana LLC, however, the vehicle is purchased by the LLC itself, the

line of credit is taken out in the LLC’s name, and the vehicle registration is

listed under the LLC’s name. So, what does this mean for sales tax fees? Those

fees fall under Montana tax laws because your LLC is registered in Montana

and enjoys the same tax benefits that Montana residents receive.


As your Registered Agent, LLCTLC can help answer any additional questions

you may have about the ins and outs of how this process works, but basically

your Montana LLC is filed with the state of Montana, we function as your

Registered Agent (required by the state of Montana), and all paperwork and

corporate filings are handled by us so that you can sit back and enjoy the

benefits of being an LLC owner.

Once your LLC is started, you can start making vehicle purchases under your

LLC name. This allows you to get all of the tax benefits that come with being

a Montana resident. This is made possible because your LLC is registered in

Montana and is considered by the IRS as a standalone entity in that state.

As a Montana LLC owner, you can purchase vehicles and owe no sales tax

because your LLC is considered a Montana resident.


Vehicle Registration Tips for Montana LLC Owners

Any vehicles you purchase under your Montana LLC must be registered with

the state of Montana. Since each state has different requirements to properly

register an out-of-state vehicle, LLCTLC handles all registration paperwork

and yearly renewal for our clients for one easy flat fee. This saves you the time

and aggravation of trying to figure out how the Montana vehicle registration

process works.

A permanent registration is required for all vehicles registered in Montana

that are 10 years or older. This is quite different from many other states in that

other states may charge fees based on the vehicle’s value or weight rather

than on its age for the lifetime that it is owned.

You can save a significant amount on vehicle registration if you have purchased

an older vehicle such as a classic or collector’s car. As compared to other

states, Montana is extremely friendly toward older vehicles that are registered

with permanent plates. They even offer special plates for antique vehicles

over 30 years of age.


As experience Registered Agents, LLCTLC is familiar with every aspect of the

vehicle registration process. This means that you won’t have to worry about

whether your vehicle classifies for special plates, what fees you might owe

based on your vehicle’s age, or whether or not you qualify for permanent

registration.

We have decades of experience, so you can rest easy knowing that we’ve got

it all handled for you.


How Many Vehicles Can I Buy Under My LLC?

If you’re looking to invest in some high-value vehicles to resell, your Montana

LLC is an ideal way to conduct business. There is no limit to the number of

investment vehicles you can buy and sell under your LLC name.

For example, your Montana LLC can purchase as many RVs, ATVs, motorcycles,

horse trailers, watercraft, boats/yachts, high-end luxury vehicles as you want

(and sales tax free!). You simply buy the vehicle under your LLC, and we can

get each one registered with the Montana Vehicle Division for one flat fee per

vehicle.


Can I Drive My Vehicle If I Live in Another State?

Yes! All 50 states allow out-of-state vehicle owners to legally drive their vehicles

in their home state. For example, you can drive your vehicle in your home

state even if it is registered in the state of Montana and has Montana plates.

In Canada, residents can drive vehicles with Montana plates for 6 months out

of each calendar year.

As a Montana LLC owner, it can’t get any easier:

1. You can buy vehicles in your home state without paying sales tax at the

time of purchase.

2. Registration in Montana is handled by LLCTLC so you don’t have to

hassle with any paperwork.

3. You can legally drive your vehicle in your home state.


Contact LLCTLC Today to Start Your Montana LLC

Starting a Montana LLC and reaping the benefits of no sales tax and affordable

vehicle registration is just a phone call away. Our efficient and experienced

Registered Agents are ready to help you get started today.

Documents

Montana Vehicle Registration - THE ULTIMATE GUIDE...vehicle registration process. This means that you won’t have to worry about whether your vehicle classiﬁes for special plates,