How To Register Vehicle Under Llc

Yes in the united states you can buy a car under a limited liability company llc.

How to register vehicle under llc. Your state comptroller s office or dmv can provide that information. Fill this out using your business s name and ein to register the vehicle in your business s name. No annual vehicle inspections. You should also check with the dmv about whether you must take additional steps to register the vehicle in the llc s name. 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.

Help you purchase or transfer your vehicle s into your montana llc. You can get the application at your local dmv. In that case the financing registration and insurance should all be done in the llc s name. Register new and used vehicles or ones you currently own. Fees vary by state and county but all will expect you to provide proof of ownership through a title or certificate of origin.

Because the llc is a legal entity separate from you the car won t be yours legally once the transfer is done. The company must be properly registered as an llc and you will also need an employer identification number this can be obtained for free from the irs. As a legal entity an llc can also purchase a vehicle from a dealership or other third party. No po boxes or pmb s necessary. When you sell your car to your llc the car will no longer be under your name.

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. No lawyer needed to complete the process. You must file articles of organization with the state to register the llc. You probably already know the importance of making business purchases in order to lower your overall tax burden. Set up your llc with member anonymity.

A sole proprietor running a small business may decide to re structure his business holdings at some point to reduce the level of liabilities. Register recreation vehicles trucks cars trailers motorcycles boats snowmobiles and aircraft. Some states also make the application available for download online. 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. The steps above explain what you ll need to do in more detail.