gmporschenut
gmporschenut also a fan of hondas@opposite-lock.com
gmporschenut

If the car never left Montana there would be no problem.

There is nothing illegal about owning property or an LLC outisde the state. What does become illegal is if that property is then brought into another state, and the LLC does not register as a Foreign or out of state LLC and thus property tax not paid. The LLC still must abide by the second state laws if the assets are

Using an LLC to protect assets is legitimate. However in most states you are still required to pay property tax on those assets.

because they aren’t using it for a business.

There have been a couple articles on this. It appears even the folks setting up know its illegal and try to cover their butt. The notion that these guys “didn’t know it was illegal” was a bit absurd. 

Interestingly, even the websites of the companies that promote this scamscheme hint that what you are doing is illegal:

My suspicion is they would then have to get a Georgia dealeship license, which opens up a whole other can of worms and expenses. 

I’m not familiar with Georgia law, but my suspicion would be that they would then have to register as a used car dealer as well as licensing and all that jazz.

I agree that is why georgia wants their money. I was saying to elwood, the reason their LLC may not provide protection is because their corportation is not inteded to be a business, but instead for personal gain. They would have to prove they are using it for a business. Funny in doing so they would

because the cars aren’t being used for business purposes. 

Because they may be forced to prove the car is for business purposes.

Doesn’t California, have a 25 year rule for classic cars?

you have 60 days to register your car to your primary residence. their primary residence is not in Monatana. 

Now playing

i was listening to a podcast this morning

I worked with a kid 5 months after starting he shows up with a 6 series. “how the f...” turns out, he leased it for the lowest annual miles they offer still the lease was over 600 a month. 

Uncle #1 complaining about kids being lazy

Also signed uo for lsd experiments where he was given insane dosages.