Montana LLC

[Ace in the Hole]

The LLC, although "$49 LLC Montana Registration" may do a package deal.

On your first registration its a better deal to combine it. Feel free to PM me and Ill chat about our experience with them.

 

[185EZ]

How does that work with insurance?
I "had" an insurance agent and she said I couldn't have a car registered in another state if i resided in another
Do you have montana insurance or go through the insurance of your regular vehicles?

 

[Ace in the Hole]

How does that work with insurance?
I "had" an insurance agent and she said I couldn't have a car registered in another state if i resided in another
Do you have montana insurance or go through the insurance of your regular vehicles?

Depends. Boat/skis/trailers all have AZ insurance with the LLC as additionally insured. Truck, Tahoe, BMW have TX insurance with LLC as Additionally insured. Progressive is well versed... Boats/trailers are with nikki bostik in CA. We are HI residents for all intensive purposes.

If your insurance agent doesn't know how to deal with it..change agents.

 

[185EZ]

If your insurance agent doesn't know how to deal with it..change agents.

I got rid of my agent. She was great at first in havasu and was the only one to deal with all our stuff.
Then she changed brokers and finally started her own biz and was hard to get ahold of
I went all in with Progressive and like the ad says i saved a bundle and manage my own policies

 

[Ace in the Hole]

I got rid of my agent. She was great at first in havasu and was the only one to deal with all our stuff.
Then she changed brokers and finally started her own biz and was hard to get ahold of
I went all in with Progressive and like the ad says i saved a bundle and manage my own policies

Only weird thing on the LLC is you have to call to add it as additional insured. After that it's gravy.

 

[squirtnmyload]

I have multiple vehicles, trailers, boat and Polaris ranger all in a montana llc. I use Deer Creek Corporate Services (LLCTLC) and they are great.

All insured in the state they are garaged in with the llc added on the policy as an additional insured. Insurance agent handled it for me.

 

[EmpirE231]

Anyone have some scoop about the BOI report?

 

[81Sprint]

Anyone have some scoop about the BOI report?

Just got the email today from my agent today about having to submit it. New for '24 I guess.

 

[Done-it-again]

My understanding is this is more towards LLC owning LLC to hide the true ownership. Most of us with these LLC are not worried especially if your name is listed as a manager and not another LLC.

 

[Ace in the Hole]

The company I use sent me an email, stating they would handle it for an opt in small fee of $25... Its their problem now lol

 

[Apex svt]

Does anyone know the annual tax filing implications on these LLC’s? Obviously the majority have zero income.

You still file as zero income but yet the LLC is in ownership of 500k in toys? Guess that part had me a little hung up.

 

[boatpi]

We have two Montana LLCs they have significant income and our provider is noted above just charged us $25 to do a filing. They never asked for income.

 

[Done-it-again]

My CPA does my taxes on my Montana LLC but I do have a EIN # and I also depreciate my RV. My business LLC rents the RV yearly from my Montana LLC (pays a yearly contract fee) Then my business can take the rental deduction off on taxes and my Montana LLC takes the depreciation.

 

[EmpirE231]

The company I use sent me an email, stating they would handle it for an opt in small fee of $25... Its their problem now lol

did you have to upload photo ID or passport etc?

 

[Done-it-again]

The company I use sent me an email, stating they would handle it for an opt in small fee of $25... Its their problem now lol

We have two Montana LLCs they have significant income and our provider is noted above just charged us $25 to do a filing. They never asked for income.

Damn.....Mine is $79.....