Go Back   iRV2 Forums > MOTORHOME FORUMS > Class A Motorhome Discussions
Click Here to Login
Join iRV2 Today

Mission Statement: Supporting thoughtful exchange of knowledge, values and experience among RV enthusiasts.
Reply
  This discussion is proudly sponsored by:
Please support our sponsors and let them know you heard about their products on iRV2
 
Thread Tools Search this Thread Display Modes
 
Old 02-03-2011, 08:34 PM   #1
Junior Member
 
Join Date: Jan 2011
Posts: 12
LLC Registration

I am considering registering my rv with an LLC in Montana. If I read the laws of Florida correctly, I must take the coach out of the State within 45 days of registration and stay out of State for a minimum of 180 days to avoid paying sales tax on the new RV. Has anyone run into legal problems with this or know of someone who has?
__________________

__________________
ExtenderFE is offline   Reply With Quote
Join the #1 RV Forum Today - It's Totally Free!

iRV2.com RV Community - Are you about to start a new improvement on your RV or need some help with some maintenance? Do you need advice on what products to buy? Or maybe you can give others some advice? No matter where you fit in you'll find that iRV2 is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with other RV owners, see fewer ads, upload photographs, create an RV blog, send private messages and so much, much more!

Old 02-03-2011, 09:08 PM   #2
KIX
Senior Member
 
KIX's Avatar


 
Join Date: Dec 2006
Location: St. Augustine, FL
Posts: 3,579
I have used an LLC in the past and it can help you AVOID (not evade) taxes. However, state and all governments are really strapped for revenue these days and are looking very closely at LLC's. I'm not saying don't do it.......I am saying that you should make sure all the "I's" are dotted and ll the "T's" are crossed absolutely correctly. This advice is coming indirectly to you from the Florida Dept. of Revenue.
__________________

__________________
KIX
'02 Ultimate Advantage 40J Spartan MM - Cummins ISC
2013 Jeep Rubicon JK Unlimited
KIX is offline   Reply With Quote
Old 02-03-2011, 09:56 PM   #3
Moderator Emeritus
 
Mike Canter's Avatar


 
Join Date: Apr 2008
Location: Freeport, ME
Posts: 4,707
I am going to change my MH from being registered in Georgia to an LLC in Montana because I have to pay $3000 a year Ad Valorem tax when I renew the license plate every year.
__________________
Mike Canter
"Gunner" USN Retired, Airdale
2004 Monaco Signature 44' Conquest. Detroit 60
Mike Canter is offline   Reply With Quote
Old 02-03-2011, 09:59 PM   #4
KIX
Senior Member
 
KIX's Avatar


 
Join Date: Dec 2006
Location: St. Augustine, FL
Posts: 3,579
Quote:
Originally Posted by Mike Canter View Post
I am going to change my MH from being registered in Georgia to an LLC in Montana because I have to pay $3000 a year Ad Valorem tax when I renew the license plate every year.
I wonder why anyone would renew their license plates in Georgia at that price?

Maybe everyone should register their vehicles to a Montana LLC
__________________
KIX
'02 Ultimate Advantage 40J Spartan MM - Cummins ISC
2013 Jeep Rubicon JK Unlimited
KIX is offline   Reply With Quote
Old 02-04-2011, 06:31 AM   #5
Senior Member
 
johnsonjm209's Avatar
 
Monaco Owners Club
Ford Super Duty Owner
Join Date: Oct 2010
Posts: 295
Registrations

I always thought that Florida was a good deal. They want the sales tax from you when you purchase and/or register in Fl. Big deal. Every state wants that. About 10-12 years age someone dropped a dime to the Ct. Dept of Taxation about me being registred in Fl. I had a valid Fl. address for the winter and a valid Ct. address for the summer. The Tax people in Ct. only wanted to know if I had paid a sales tax in Fl. When they got a copy of it they never bothered me again.

You don't have to own a house or property in any state to prove residence, you only have to have an address.
__________________
Joe from Ct.
johnsonjm209 is offline   Reply With Quote
Old 02-04-2011, 03:55 PM   #6
Senior Member
 
W4RLR's Avatar
 
Appalachian Campers
Join Date: Jan 2007
Location: Sewanee, Tennessee
Posts: 713
Send a message via Yahoo to W4RLR
Quote:
Originally Posted by ExtenderFE View Post
I am considering registering my rv with an LLC in Montana. If I read the laws of Florida correctly, I must take the coach out of the State within 45 days of registration and stay out of State for a minimum of 180 days to avoid paying sales tax on the new RV. Has anyone run into legal problems with this or know of someone who has?
If you buy the RV in Florida, you will pay tax immediately unless you immediately remove the RV out of state using temporary plates and keep it out of state for six months. You will have to give the dealer a Montana address for registration purposes. You will have to pay any taxes and fees to Montana, keep Montana plates on the RV for the entire period, and as you have guessed, the RV cannot be operated on Florida highways for that period.

Miss any of those requirements, and Florida gets six percent of any value over $5000, and the state, county, and city collect varying rates of tax on the first $5000 of value.
__________________
SSgt. Richard L Ray, USAF (Retired) - Laura L Ray
Our second home is a vintage 1995 Jayco Eagle 277RB 'The Love Shack"
towed by a 2008 Ford F-250 Lariat Crew Cab short bed "The Green Goblin"

[SIGPIC][/SIGPIC]
W4RLR is offline   Reply With Quote
Old 02-04-2011, 04:32 PM   #7
Moderator Emeritus
 
Mike Canter's Avatar


 
Join Date: Apr 2008
Location: Freeport, ME
Posts: 4,707
I am confused why you could not drive it in Florida with Montana plates. The idea of a LLC is to establish a company of your choice in Montana and register the MH to that company. There is no sales tax in Montana and if you have established the LLC before you buy the MH why are you going to pay Florida sales tax. You put temprary tags on it and send off to your lawyer in Montana to register it. What control does Florida have over it? It is all legal. In Georgia if we don't pay sales tax if we buy from a private party. If that is the case that there is no way around the Florida sales tax then I would the MH in Georgia or Texas.
__________________
Mike Canter
"Gunner" USN Retired, Airdale
2004 Monaco Signature 44' Conquest. Detroit 60
Mike Canter is offline   Reply With Quote
Old 02-04-2011, 04:51 PM   #8
Senior Member
 
Harm's Avatar
 
Newmar Owners Club
Join Date: Apr 2007
Location: Panama City, FL
Posts: 166
ExtenderFE:
You do have to set up your Montana LLC first then have the dealer write the sales contract up to the LLC. You do have to keep the vehicle out of Florida for six months but then you can bring it home and you can transfer to a Florida Title then if you want with no sales tax.
__________________
Wayne H. & Nixie Miller

2006 Newmar Dutch Star 4027
Harm is offline   Reply With Quote
Old 02-04-2011, 05:09 PM   #9
Moderator Emeritus
 
Mike Canter's Avatar


 
Join Date: Apr 2008
Location: Freeport, ME
Posts: 4,707
I don't know what it cost to renew a tag in Florida but it only cost $125 a year in Montana which includes the lawyer fee.
__________________
Mike Canter
"Gunner" USN Retired, Airdale
2004 Monaco Signature 44' Conquest. Detroit 60
Mike Canter is offline   Reply With Quote
Old 02-04-2011, 06:28 PM   #10
Senior Member
 
GaryKD's Avatar
 
Newmar Owners Club
Join Date: Jul 2006
Location: Wellington, Florida
Posts: 12,322
Hi ExtenderFE,
You are correct as posted in the OP. The only addition I'd add is that, after the first 6 months, the coach can not stay in the state of Florida for more than 5 months and 29 days per calendar year. Florida will check dealer service records and credit card records (like fuel purchases and camp ground records) to ensure these rules are obeyed.

These rules can change with every session of the state legislature. So check the Florida web site about every 6 months and book mark the pages with the information on this subject.
__________________
Gary
2005 Newmar KSDP 3910 + GMC ENVOY XUV 37K lbs Moving Down The Road
The Avatar Is Many Times Around The USA
Nobody Knows Your Coach Like Somebody Who Owns One Just Like Yours
GaryKD is offline   Reply With Quote
Old 02-05-2011, 09:02 AM   #11
Junior Member
 
Join Date: Jan 2011
Posts: 12
LLC Vs Pay the Taxes

Wow, I really got a lot of different responses to my question. After reviewing the laws of Florida and returning to my dealer for suggestions and help, here is the outcome. Since I could not comply with the letter (or intent) of the law and since I didn't want to spend my retirement years looking over my shoulder, I decided to bite the bullet and pay the taxes. Here's where the dealer came in and helped. They checked their financing rates and managed to beat the LLC financing rates (individual vs. LLC are usually better rates) by 3/4 of one percent. I went from 5.5% to 4.74% and after adding in the taxes to the financed amount, the payment stayed exactly the same for the same number of years. I saved almost $1000 by not using the LLC (Legal Fees) and can write off the sales tax and the Fla registration fee on my 2011 taxes. The LLC would cost me $240 for renewal + tag fees each year but Fla. tags only cost about $75 each subsequent year. After all is said and done, $9000 in sales tax will actually cost me approximately $4000 after all the tax breaks and savings and each subsequent year will save me about $175 in tag fees. Also, I can now shop around for less expensive coach insurance since the coach is no longer registered with an LLC. (many companies will not insure to an out of state LLC.) Lastly, I will sleep better knowing John Law is not casting a jaundice eye on me when I'm rolling down the road with both the coach and tag tags matching.
__________________
ExtenderFE is offline   Reply With Quote
Old 02-05-2011, 10:05 AM   #12
KIX
Senior Member
 
KIX's Avatar


 
Join Date: Dec 2006
Location: St. Augustine, FL
Posts: 3,579
Quote:
Originally Posted by ExtenderFE View Post
Wow, I really got a lot of different responses to my question. After reviewing the laws of Florida and returning to my dealer for suggestions and help, here is the outcome. Since I could not comply with the letter (or intent) of the law and since I didn't want to spend my retirement years looking over my shoulder, I decided to bite the bullet and pay the taxes. Here's where the dealer came in and helped. They checked their financing rates and managed to beat the LLC financing rates (individual vs. LLC are usually better rates) by 3/4 of one percent. I went from 5.5% to 4.74% and after adding in the taxes to the financed amount, the payment stayed exactly the same for the same number of years. I saved almost $1000 by not using the LLC (Legal Fees) and can write off the sales tax and the Fla registration fee on my 2011 taxes. The LLC would cost me $240 for renewal + tag fees each year but Fla. tags only cost about $75 each subsequent year. After all is said and done, $9000 in sales tax will actually cost me approximately $4000 after all the tax breaks and savings and each subsequent year will save me about $175 in tag fees. Also, I can now shop around for less expensive coach insurance since the coach is no longer registered with an LLC. (many companies will not insure to an out of state LLC.) Lastly, I will sleep better knowing John Law is not casting a jaundice eye on me when I'm rolling down the road with both the coach and tag tags matching.
Good research and a well-thought-out, sound decision. Hope youreally enjoy your retirement and new coach.
__________________
KIX
'02 Ultimate Advantage 40J Spartan MM - Cummins ISC
2013 Jeep Rubicon JK Unlimited
KIX is offline   Reply With Quote
Old 02-05-2011, 10:39 AM   #13
Moderator Emeritus
 
RickO's Avatar


 
Join Date: Jan 2007
Location: Litchfield Park, Arizona
Posts: 10,530
Quote:
Originally Posted by KIX View Post
Good research and a well-thought-out, sound decision. Hope youreally enjoy your retirement and new coach.
X2.... very well done. There's no one right answer for everyone and you found the one which fits you best.

Enjoy and stay safe.


Rick
__________________
Rick, Nancy, Peanut & Lola our Westie Dogs & Bailey the Sheltie.

2007 Itasca Ellipse 40FD
RickO is offline   Reply With Quote
Old 02-06-2011, 09:26 AM   #14
Senior Member
 
OLYLEN's Avatar
 
Monaco Owners Club
Join Date: Jan 2008
Location: Olympia, Wa
Posts: 2,338
Plus now you are supporting the state you live in so the rest of the population doesn't have to pony up the short comings.

LEN
__________________

__________________
2004 Clss C 31' Winnebgo
OLYLEN is offline   Reply With Quote
Reply



Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Licensing vehicle and trailer under a Montana LLC banderson55 5th Wheel Discussion 33 04-18-2011 02:20 AM
Owning RV in LLC and RV Insurance nhartvig MH-General Discussions & Problems 1 03-01-2010 05:58 PM
Montana MH Licensing/RV LLC???? Ragman Class A Motorhome Discussions 43 03-13-2008 06:00 PM
Montana LLC ChiefJohn iRV2.com General Discussion 1 01-15-2007 12:30 PM

» Virginia Campgrounds

Reviews provided by


Copyright 2002- Social Knowledge, LLC All Rights Reserved.

All times are GMT -6. The time now is 03:19 PM.


Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.