How To Register Vehicle Under Llc

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.

How to register vehicle under llc. When the llc becomes the owner of a vehicle you must contact your automobile insurer and purchase the insurance coverage and policy amounts that are appropriate for your situation. 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. Keep your current driver s license. Your state comptroller s office or dmv can provide that information. 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.

Register new and used vehicles or ones you currently own. Set up your llc with member anonymity. No annual vehicle inspections. A sole proprietor running a small business may decide to re structure his business holdings at some point to reduce the level of liabilities. If you do form a vehicle llc to own one or more vehicles you must make sure that the llc is adequately insured.

Register recreation vehicles trucks cars trailers motorcycles boats snowmobiles and aircraft. You probably already know the importance of making business purchases in order to lower your overall tax burden. Fill this out using your business s name and ein to register the vehicle in your business s name. No po boxes or pmb s necessary. Help you purchase or transfer your vehicle s into your montana llc.

You can get the application at your local dmv. The steps above explain what you ll need to do in more detail. Some states also make the application available for download online. No lawyer needed to complete the process. 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. In that case the financing registration and insurance should all be done in the llc s name. Because the llc is a legal entity separate from you the car won t be yours legally once the transfer is done. Yes in the united states you can buy a car under a limited liability company llc. Using an llc for vehicle ownership.