Home Page
cover of Create A Limited Liability Company
Create A Limited Liability Company

Create A Limited Liability Company

00:00-03:33

We have helped 1000’s of happy customers across all 50 states, Europe, Australia, New Zealand and beyond with their vehicle registration needs for almost two decades. Every state has its own particular challenges, and our team stays up to date on all of them. We are always researching and tracking the changes in the different states so that our team will be able answer your questions, not with on-line tools, but personal on the phone’ support. Our highly dedicated team has more than 40 years of

Podcastmontana rv llcmontana vehicle registrationllc in montanamontana registered agentMontana RV Registration
0
Plays
0
Downloads
0
Shares

Transcription

To register an RV in Montana, you need to create a limited liability company (LLC). An LLC offers personal asset protection and allows the LLC to make purchases separate from the individual. By forming an LLC in Montana, the RV can be purchased without paying sales tax, regardless of where the owner lives. When forming an LLC, choose a name that follows guidelines and is not already in use. You also need a registered agent in Montana to receive legal correspondence and act on behalf of the LLC. If you don't live in Montana, you can hire a registered agent like Tax-Free RV. So how do you register a NRV in Montana? Create a limited liability company. The first step in registering an RV in Montana is the formation of a limited liability company in Montana. A limited liability company, commonly referred to as an LLC, is a flexible and popular business structure that combines the benefits of both a corporation and a partnership. With an LLC, business owners, also known as members, enjoy limited liability protection for their personal assets. This means that if the LLC faces any financial obligations or legal issues, the members' personal assets are generally protected from being used to satisfy these obligations. For purposes of avoiding sales tax, the significance of forming a Montana LLC is that it can make purchases separate from the individual. So, when you form an LLC in Montana, the LLC can purchase the RV on your behalf as a legal entity of Montana. This is why you do not have to be a resident of Montana to get the sales tax benefits of purchasing an RV. By forming the LLC in Montana, the legal entity purchasing the RV is a resident of Montana and therefore does not need to pay sales tax. This is true regardless of where the owner actually lives. Specialized RV knowledge. When you form an LLC, the first step is to choose the name of your LLC. The name of your LLC can be pretty much anything you want as long as you follow the naming guidelines. First of all, you must include either limited liability company or LLC in the name. Second, you cannot include abbreviations or words that might suggest that your LLC is a government agency like NSA, CIA, Justice, etc. In addition, unless you are a doctor or a lawyer or a bank, you probably shouldn't use those words either. Finally, you can't use a name someone else has already used. So, you are welcome to call your LLC, Sparky LLC, after your dog, so long as that is not already being used by someone else. You should conduct thorough research to ensure that your chosen name is not already in use by another business in Montana. The Montana Secretary of State's website provides a name availability search tool that allows you to check for existing business names. We are happy to assist you in selecting a name for your company as well. Choose a registered agent in Montana. When you form an LLC, you need a registered agent in Montana. A registered agent is an individual or business entity who acts as the representative of your business in Montana. A registered agent will receive legal correspondence on behalf of your company including government, tax and legal correspondence. A registered agent can also receive service of process on your behalf. In addition, a registered agent can act on your behalf. However, a registered agent cannot make business or financial decisions for your business without explicit written permission. The registered agent for an LLC must have a physical address in the state where your LLC is formed. If you don't actually live in Montana, it will be much easier to hire a registered agent like Tax-Free RV to act on your behalf. If you have more questions about the activities of a registered agent, please reach out to Tax-Free RV.

Listen Next

Other Creators