Financing and Insurance for Montana LLC
Getting ready to pull the trigger on Montana LLC and new Winnebago. I've learned that insurance and financing are a bit tricky. In most states you can't write an insurance policy for a vehicle registe...
Forum Discussion
Grandpere wrote:A Montana LLC is setting up a company, based in Montana, to own the RV. It will be registered in Montana and you will have Montana license tags. IF (big if) you don't intend to take the RV back to your home state, it makes sense and can be morally justified. If you plan on living in Colorado, and parking it at your house for the 300 days a year you don't take trips in it, it is clearly a tax dodge and Colorado should and will come after you. The two most obvious instances where a LLC makes the most sense are full timers, with no ties to any particular state and those people who do not bring the RV to their home area.
legally you have to license the RV in what ever state it is in, having a montana llc will not get you around that law, unless you already live in montana
It will complicate the financing and insurance. Much higher risks for both.
