registering a new coach in Montana

[Gary RVRoamer]

Did you perhaps mean they would NOT do it for free?

But since the Montana LLC is probably not making an income, I doubt if taxes are an issue.

[bullheaded]

Originally Posted by Route 66

Contact Bennett Law Office and they can tell you what the Virginia law states and advise you whether or not it would be good for your situation.

You need to comply with Virginia law.

These people are "on the ball". Family business. They will supply you with all info on your state laws, then it's up to you. Saved me $18k even with my trade in!

[JimM68]

There seem to be a lot of people here confusing a Corporation with a person.

Both are legal entities. Both can own property, both pay taxes under federal laws as well as the laws of the state where they are located.

I can form a corporation anywhere. The address can be a registered agent's office, or in some cases even a mail forwarding service.
I can capitolize that corporation, and depending on how I do it, I may write that capitol off on my federal income tax return.

And that corporation can spent IT'S money on anything it pleases, conduct any legal business it chooses, or not. Because it isn't ME.

I really don't understand the colorado thing mentioned above. The guy must have screwed up somehow, perhaps he borrowed money in his name to pay for the MH?

If colorado had supenoed (sic) me, I'da showed up with papers renting the montana llc a peice of my driveway for storage, and said "go talk to the corporation"

[wnytaxman]

Originally Posted by JimM68

There seem to be a lot of people here confusing a Corporation with a person.

Both are legal entities. Both can own property, both pay taxes under federal laws as well as the laws of the state where they are located.

I can form a corporation anywhere. The address can be a registered agent's office, or in some cases even a mail forwarding service.
I can capitolize that corporation, and depending on how I do it, I may write that capitol off on my federal income tax return.

And that corporation can spent IT'S money on anything it pleases, conduct any legal business it chooses, or not. Because it isn't ME.

I really don't understand the colorado thing mentioned above. The guy must have screwed up somehow, perhaps he borrowed money in his name to pay for the MH?

If colorado had supenoed (sic) me, I'da showed up with papers renting the montana llc a peice of my driveway for storage, and said "go talk to the corporation"

It really doesn't matter about where a corporation is formed. The bottom line is where is the corporation domiciled or where does it live? For example, a Nevada corporation, where there is no income tax, that operates in NY will pay NY taxes because it is domiciled here in NY. The same is true for his coach. If it is domiciled in Colorado then he had to pay the Colorado sales tax on the coach. Same is true in just about every state. Some states like Florida and California have unique laws that allows a coach to be outside of that state for a certain period of time to avoid paying the sales tax. The laws of most states are set up that if any motor vehicle or boat is in that state for a certain period of time you will be paying taxes in that state.

Another good example of taxing out of state corporations or workers is the professional athlete. The hockey player who plays for the Dallas Stars where there is no state income tax will in fact pay taxes to Colorado when his team plays in Colorado. For that one game he is "living" in Colorado.

[Dutch Star Don]

Here is something that is often missed and part of the problem with the PEOPLE of this country. If you're a full timer, you would be smart to decide what state gives you your best tax break. If you're not a full timer and you're looking to reduce your taxes by registering in another state, you're looking to circumvent paying taxes due to your state.

Now, the next time you need police or fire services to respond to your house for the home accident, break-in or heart attack you just had and they are not available, thank the guy that CIRCUMVENTED paying his taxes and reduced your life saving services.

Many here will say that the taxes in his/her state are too high so they justify in their mind that cheating their state is okay.

Here's a new concept.....ask yourself if cheating your state is morally and ethically correct. Some may have to look up what these words mean.

Finally, if you disagree with the taxes in your state, the same state where you most likely earned a living, than move or fight to reduce taxes.

[GaryKD]

Hi Diplomat Don,
Your post is a good venting, but a bit off the mark. Each state law should be obeyed. In Florida, there are laws that allow the owner of any item (airplane, boat, RV, auto, etc.) to register it in another state if certain processes and rules are followed. Your post would indicate if I follow the Florida law, I would be cheating the state of Florida. A long time ago, Florida realized that revenue coming from a person residing in Florida far exceeds any ad hoc purchase. The laws were written to get people into the state where, on a daily basis, they create tax revenue. It is unfortunate some states do not realize this. In addition different states fund the services mentioned in your post in different ways. I pay for all the services mentioned in your post via other taxes. I also own LLCs. They are created and operated to comply with Florida law. I will pay all taxes owed to the penny. I will not pay one penny more than the law says I owe.

When completing your tax return (state or federal) do you take advantage of the law and reduce revenue to the fullest the law allows? Do you pay all the tax owed and not one penny more? Creating LLCs to reduce tax cost to my businesses is the same. This includes registering, in another state, items Florida law provides the process and rules that are to be followed.

[Dutch Star Don]

GaryKD.....I don't dispute what you say and you sound like you are running a business under the rules both Federal and State. The majority of the people asking about the Montana LLC's are not running businesses, but trying to find a way to not pay taxes in their own state.

Prertty much the simple rule is.....if you park in your state, then pay the taxes in your state. If it's being used for a legitimate business...fine, but again, most are looking to keep from paying the taxes due in their state. I'm sure that even in Florida, the DMV fees go toward road repairs and other vehicle services.

[GaryKD]

Hi Diplomat Don,
We are not in agreement. My post focused on businesses. However, Florida law applies to individuals and businesses. As an individual I will obey Florida law. It allows me to register my coach in another state and provides the process and rules that I must follow. As an individual the same rules apply. I will pay all the tax I owe and not one penny more. My point in posting this is not all individuals who register their coach in another state than which the reside are cheating their home state. If the home state allows it and it save $s, by golly do it.

[a k]

-Word of warning. If you are going to register your coach in a different state DO NOT BUY IT from the state you live in. Buy it from another state. Most dealers have to turn in the reg with the state. That's how it gets messy.