Montana LLCs
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05-26-2008, 07:27
Post: #2
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Montana LLCs
I'd like to read the actual case notes on a few of these, to see what
people did wrong. Seems to me it's perfectly legal to register a company in any state you so choose, and to assign assets to that company, which would naturally pay the taxes set forth by the state in which the company was registered. I wonder when and if Montana will get embroiled in a lawsuit with Colorado over this. Colorado is effectively filing criminal charges against Montana based LLCs whose owners reside in Colorado, even though, it seems, the LLCs were perfectly legal in Montana. I hope one of the people in question appeals this to the federal level. A state that thinks it can collect taxes from residents on business property registered to an out of state business is, quite frankly, over the line. Yeah, I know they probably all did it purely to avoid taxes, but that's neither here nor there. If the LLC was setup legally, then the operation is legal. For Colorado to attack Montana businesses in this fashion seems more illegal than what the owners did. We can argue all we want over whether this is "moral", I personally have no problem with folks concocting elaborate schemes to legally keep more of their own hard earned money from the government. Anyway, would be very interesting to read the case notes and the full text of the laws they were charged with breaking. -Ryan On Sun, May 25, 2008 at 8:34 PM, Don Bradner > The use of a Montana LLC to register a motorhome (by a non-Montana resident) > has been the source of a lot of debate for years. I know that there have > been at least a couple of Birds for sale in the past two years where the > seller has stated that it was Montana registered, and actively promoted such > as a big money saver. So, I thought it might be worth noting here that > various RV groups are all abuzz with the news that the state of Colorado has > gone after a number of residents with such an arrangement. 12 with criminal > prosecutions, 122 others with civil. > > One of the myriad of stories about it can be found here: > http://www.denverpost.com/news/ci_9333908 > |
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Messages In This Thread |
Montana LLCs - Don Bradner - 05-25-2008, 15:34
Montana LLCs - Ryan Wright - 05-26-2008 07:27
Montana LLCs - Terry Neal - 05-26-2008, 07:38
Montana LLCs - Pete Masterson - 05-26-2008, 08:19
Montana LLCs - Pete Masterson - 05-26-2008, 08:50
Montana LLCs - Leroy Eckert - 05-26-2008, 09:49
Montana LLCs - Leroy Eckert - 05-26-2008, 09:55
Montana LLCs - Don Bradner - 05-26-2008, 10:43
Montana LLCs - brad barton - 05-26-2008, 13:02
Montana LLCs - Pete Masterson - 05-26-2008, 13:05
Montana LLCs - Pete Masterson - 05-26-2008, 13:30
Montana LLCs - Don Bradner - 05-26-2008, 13:55
Montana LLCs - Ryan Wright - 05-27-2008, 16:13
Montana LLCs - Ryan Wright - 05-27-2008, 16:27
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