Does Montana have a general sales tax on retail purchases?
No, Montana does not have a general sales tax. By setting up a Montana holding company, or Montana LLC, you may be able to save on taxes and licensing fees.
Is obtaining insurance difficult through the holding company?
No, Heggen Law Office, P.C. can refer you to trusted insurance companies and guide you through the process.
Can I still deduct the interest on the vehicle as a second home?
Yes, you may be able to deduct interest on your vehicle as a second home.
Can I add my boat to my Montana holding company?
Yes, we can assist you in registering boats, trailers and motorcycles as well as other vehicles in your Montana limited liability company.
Can I have more than one vehicle in the company at a time?
Yes, you may add as many qualified vehicles to your company as you would like.
Can I put all of my vehicles into the holding company?
You may be able to put all of your vehicles into the holding company depending on your state’s laws. Heggen Law Office, P.C. can provide you information regarding your vehicle registration options for your state.
Does Montana require yearly inspections?
No, Montana does not require yearly inspections.
Do I need to have a Montana driver’s license?
No, you will not need a Montana driver’s license. You will be able to drive your vehicle with your current state’s driver’s license.
Can I establish a Montana Limited Liability Company if I don’t have any vehicles to put in it at this time?
Yes, you can create a company before the vehicle purchase. We actually encourage you to set up the company before you buy it.
Do I have to buy the vehicle in Montana?
No, you can purchase the vehicle in any state but if you have not already purchased your vehicle we recommend working with us prior to purchase to ensure all legal issues are resolved.
Do I have to come to Montana to complete the procedure?
No, you can complete the entire procedure through email, phone, fax or mail.
Is it necessary to have an attorney create the holding company?
It is highly recommended. The procedure described herein involves a multitude of potentially complex legal issues. It is vital that you are apprised of the laws of your home state to avoid violating these statues.
Why should I go with you for setting up my Montana company?
Jared Heggen is a licensed attorney. Heggen Law Office, P.C. will assist you and apprise you of the laws in Montana and your home state to help you avoid violating any statutes. Client confidentiality is also the highest priority for us.
