I keep hearing about this Montana LLC registration. I have also noticed more and more Montana license plates on motorhomes here in Virginia. Does anyone have any advice on establishing a Montana LLC? Pro or Con? I have always been told ... if it sounds too good to be true, it is. To explain what Im referring to I have attached the LLC website Im looking at.
Join 100,000+ who’ve registered their vehicles in Montana. Plates & registration shipped in as little as 3 days. No sales tax, no inspections.
www.49dollarmontanaregisteredagent.com
Thanks
Chuck
Chuck,
I live quite close to you, Rockville Va., & have been doing some research of my own.
A little background; ordered a 2020 Newmar Canyon Star & picked it up at Newmar last October. Registered it in Va, as the titling tax was 4.3% And as you know Henrico & Hanover both have a pretty healthy "personal property tax"!
Being retired, I looked into states with better tax situations. And I'm sure not everyone has the same situation.
But for us, relocating to Florida is going to save us substantial amounts of money on an annual basis. The big things being NO STATE INCOME TAX, & NO PERSONAL PROPERTY TAXES. A lesser real estate tax rate, & no tax on "groceries" makes a difference. For those & a couple of personal reasons, we are having a new home built in St. Augustine Florida.
Regards your RV......you must have had your NEW RV registered for a time period of 8 months or more to not incur the Florida 6% tax rate, when changing registration to Florida. Florida does have a "homestead exemption" law which I believe serves to somewhat reduce real estate tax liability.
Florida will have rates about 5-10% higher on vehicle insurance, & about the same for homeowners insurance. Gas/fuel prices will be about 5-15 cents a gallon higher, but this depends on locality.
Someone that currently lives in Florida may be able to provide more information; positive or negative.
I hope this information has given a different perspective; but after my "Montana" research & knowing someone that was "snared" so to speak; Montana would not be something I would consider!
Best of luck, enjoy your Newmar!