I am a resident of California. I am interested in purchasing a motorhome out of state (AZ). I have been told by the dealer that I should form an LLC to avoid sales tax. I plan on taking the motorhome back to CA. Does California recognize an out of state LLC? Would there be any problems in registration/taxes/fines should I remain in CA. with the vehicle and resale in the future? Thanks for your assistance, Ron
Hi Ron, yes it is true! There are certain jurisdictions such as Montana where there are a strangely disproportionate number of motorhomes registered. I'm not sure about Arizona, but using Montana as an example, a Montana LLC is considered a Montana resident, and like any other resident of Montana does not have to pay sales tax on any purchase. Essentially, you aren't buying the motor home, your Montana LLC is! Depending on your state's sales tax rate, you can legally save $25,000 or more on your motorhome purchase not to mention lower registration fees than many other states. There are companies that specialize in exactly this type of transaction. This seems like solid advice you've received from the dealer for now. As for future problems, I wish I could tell you, but my crystal ball is broken. ;-) -Jen
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What is your first step? Simply choose which of the following two options applies to your business:ALREADY INCORPORATED in the state of Nevada? 2015/08/15 - Your annual fees increased from $325 to $650, and that’s not including the Commerce Tax if it applies to your business! Further, you will now be required to file your tax return with the NV Department of Taxation with June 30th as the fiscal year, not the calendar year! Review these changes with your tax advisor immediately! If you choose to re-domicile your corporation in another state, MyLLC will file the re-domestication paperwork for you!
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