How To Register Vehicle Under Llc

You probably already know the importance of making business purchases in order to lower your overall tax burden.

How to register vehicle under llc. 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. No annual vehicle inspections. Yes in the united states you can buy a car under a limited liability company llc. As a legal entity an llc can also purchase a vehicle from a dealership or other third party. You can get the application at your local dmv.

No lawyer needed to complete the process. No po boxes or pmb s necessary. But sometimes it can be difficult to determ. Because the llc is a legal entity separate from you the car won t be yours legally once the transfer is done. Help you purchase or transfer your vehicle s into your montana llc.

If you do form a vehicle llc to own one or more vehicles you must make sure that the llc is adequately insured. Your state comptroller s office or dmv can provide that information. When you sell your car to your llc the car will no longer be under your name. 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. A sole proprietor running a small business may decide to re structure his business holdings at some point to reduce the level of liabilities.

The steps above explain what you ll need to do in more detail. Provide all company documentation. Some states also make the application available for download online. Register new and used vehicles or ones you currently own. How to transfer a private vehicle to an llc.

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. Set up your company to be the resident of montana. Keep your current driver s license. Register recreation vehicles trucks cars trailers motorcycles boats snowmobiles and aircraft. As the vehicle s purchaser the llc may have to pay a state sales and use tax on the purchase.