Advice welcome for Newbie
We are set to take off in Spring. We already have our trailer registered to our LLC as will our truck when we find it. Seems everyone has different opinons about LLC's, what's legal and whats not. I'm...
Forum Discussion
luvmydogs wrote:
We may wind up buying a house in Montana so it seemed to likely choice. If its legal to have the LLC how can another state say its not? I dont get it?
The LLC is not necessarily an issue but I can't speak to that since I don't know your situation. Bottom line is you cannot be a resident at large. You have to have roots in one of the 50 states. You establish a domicile, perhaps by home ownership or renting, having a mailing address there, pay whatever taxes are required, have your driver's license, title and register your vehicles, hell, even a library card and local bank. It's not good to have your stuff spread over multiple states and the last thing you need in retirement is an aggressive state coming after you for taxes it believes you owe. Don't ask how I know LOL.
If you're thinking of establishing an LLC solely for the purpose of evading taxes you're taking a chance of being wrong with the law. There is a difference between tax evasion and avoidance. There's nothing wrong with avoiding taxes through legal means, but evasion is generally considered illegal and I would encourage you to speak with a tax attorney and/or CPA rather than hearing from some folks here about "how they did it."
