If you live in a state where sales tax rates are high enough to cost you an arm and a leg, check out how registering your vehicles under a Montana LLC can save you big bucks.
Montana is a No Sales Tax State
Only a few states in the U.S. do not charge sales tax for items bought within state borders, and Montana is one of those states. On expensive items such as boats, motorcycles, cars, and RVs, those sales tax savings can really add up.
Say you live in New York, California, or Louisiana, you’ll pay upwards of 10% in sales tax on any items you purchase. This can discourage many would-be buyers from taking the plunge and purchasing large ticket items.
However, the good news is that Montana residents as well as those who own a Montana LLC do not owe sales tax at the time of purchase. This means you can buy that luxury car, yacht, or RV you’ve been wanting…and not have to worry about owing sales tax when you buy it.
Owning a Montana LLC = Sales Tax Savings
When you work hard you should be rewarded with being able to play hard too. As a resident of another state, you don’t have any way of accessing the sales tax benefits that Montana residents get. That’s why a Montana LLC is such a smart move.
Montana LLC owners can purchase items under their LLC’s name and the purchase is treated as if it was bought inside Montana’s borders. This is because the IRS sees an LLC as a resident of Montana. This means that you could live in any other state in the U.S. yet be able to purchase items as a Montana resident. And pay no sales tax at that time!
Register Your Vehicle(s) Under Your Montana LLC Today
Another benefit of purchasing vehicles under your Montana LLC is that you can also register them in Montana. This gets you MT plates and the ability to drive your vehicle wherever you live. All you need to do is take a trip to Montana at some point during the calendar year and keep your hotel or airline receipt as proof that you were in the state.
Vehicle registration fees are extremely reasonable in Montana, so you might even save money on these annual fees depending on what you’re used to being charged in your state of residence.
Contact us today to find out how we can help you start your own Montana LLC. We’ll explain how everything works. For one flat fee, we handle everything for you from start to finish:
- File the paperwork for your LLC
- Act as your Registered Agent (as required by state law)
- Submit vehicle registration for one vehicle
Get in touch with us today to start saving money with your own Montana LLC!