Although you’ve probably heard of the trend of registering luxury and exotic vehicles or expensive full-time motorhomes in Montana to avoid paying another state’s sales tax (and if you haven’t, go check out our blog for more information), you may not know that a Montana LLC comes in handy in more ways than one. The process of registering vehicles through a Montana LLC is a process unique to Montana and one that our office has an immense amount of experience doing well. What’s more, through our years serving thousands of clients, we have also seen how flexible and useful the Montana LLC can be for clients when it comes to obtaining other kinds of luxury items.
While many might think of Montana as the last Wild West (or maybe it’s over in the Plains? Who knows, we may not even exist), we certainly still have an appreciation for the finer things in life. Whether it’s fine art, precious gems or metals, a new sound system for your car or a new anniversary ring for your wife, a Montana LLC can help you avoid a potential sales tax on your next big purchase. Many high-end purchases have the ability to be purchased through your Montana company, thereby providing an extra layer of asset protection in your next big acquisition and similarly saving you from paying another state’s high sales or use taxes.
In our combined 50 plus years of experience filing Montana LLCs, registering vehicles, and protecting our client’s assets, we have managed millions of dollars’ worth of our client’s most precious items. Throughout this time, we have refined our process and successfully saved our client’s hundreds of thousands of dollars by purchasing the items through their Montana LLC. The process can be different for every individual client and isn’t always the most effective route to take. Our experience in handling these kinds of assets makes us particularly knowledgeable about whether or not this option is the right one for you. Every situation is different, but for a free consultation, our office would be happy to answer all questions and provide advice on whether your situation might fit.
Of course, our office deals primarily with Montana sales and use tax and so we recommend that you consult with an attorney and certified accountant in your home state before pursuing the Montana LLC. While this process works for many people, it may not work for all and we encourage our client’s to be as well educated in their decisions as possible. If you do find yourself in a position to pursue a Montana LLC for a luxury item purchase, our office hopes to ensure the process is done correctly and with maximum protection for our client. We recommend you give us a call ahead of time as a luxury item acquisition can be different from standard vehicle registration and the Montana LLC usually must be formed prior to the purchase. Even so, if you do find yourself calling our office with the intention of purchasing a high-end item, it’s probably worth it to also consider whether you have any vehicles that might also be eligible to avoid another state’s sales tax or high licensing fees. Either way, our office is always happy to help answer your questions and determine whether a Montana LLC is the right choice for you.
