How To Register Vehicle Under Llc

No annual vehicle inspections.

How to register vehicle under llc. You should also check with the dmv about whether you must take additional steps to register the vehicle in the llc s name. You probably already know the importance of making business purchases in order to lower your overall tax burden. Fees vary by state and county but all will expect you to provide proof of ownership through a title or certificate of origin. When you sell your car to your llc the car will no longer be under your name. Help you purchase or transfer your vehicle s into your montana llc.

No po boxes or pmb s necessary. Set up your llc with member anonymity. The company must be properly registered as an llc and you will also need an employer identification number this can be obtained for free from the irs. Because the llc is a legal entity separate from you the car won t be yours legally once the transfer is done. Each state has a tag and title application you must complete to register your vehicle with the state.

Using an llc for vehicle ownership. Some states also make the application available for download online. This is important as many people think that because the company is their own property the car will continue to also be their own property. In order to title a vehicle in your company name you need to have articles of incorporation an ein bank account and proof of insurance. Your state comptroller s office or dmv can provide that information.

Provide all company documentation. As the vehicle s purchaser the llc may have to pay a state sales and use tax on the purchase. Set up your company to be the resident of montana. A sole proprietor running a small business may decide to re structure his business holdings at some point to reduce the level of liabilities. You must file articles of organization with the state to register the llc.

You can get the application at your local dmv. In that case the financing registration and insurance should all be done in the llc s name. If you do form a vehicle llc to own one or more vehicles you must make sure that the llc is adequately insured. Before a limited liability company llc can claim ownership of a vehicle the llc must be formed according to the rules and regulations of the state where the llc will be registered. No lawyer needed to complete the process.