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YOUR RESEARCHBuying car from LLC
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Use llc
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Leading evidence: 'Use llc' (no explicit attributable resolution; this is a reported action or suggestion). Across 1 matching discussions, The most frequently discussed action is 'Clean "' (1 discussions). For that action, 0 discussions report a resolution and 0 report an unsuccessful attempt. No action has an explicit, attributable resolution report under the current rules. These are forum reports and suggestions, not a confirmed diagnosis.
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Suggestion
They ran it in the computer and it came back "clean"...
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17 eligible posts · 0 unverified posts · 1 discussions match the subject in their title or opening post.
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all,
i will soon be entering the 997 world. a year after selling my 3rd C4S, i'm pulling the trigger on a 2005 Carrera S.
the seller is in texas used his LLC
the clear montana title has his LLC name on it
my question: when we do the bill of sale, since i am purchasing from LLC with LLC name on title, is there any hoop to jump through?
the seller owns the LLC but is there any documentation needed showing seller is owner of LLC considering seller will be signing/releasing title?
i leave for texas thursday and driving home to seattle after several stops in california.
happy holidays to all!!
Hey Groov, I recently bought a car that had a company name on it. In GA, as long as there are no liens on the title, it transfers in similar fashion as any other title. IMHO. Just make sure it is legit with no liens.
thanks! - no liens/clean clear title - i figured i'd get a copy of the LLC docs to take with me along with bill of sale. my concern was the name on title is LLC and how does DOL know the seller(release signature) owns LLC
should all be fine.
In my case, the company authorized representative printed and signed their name. I'll be honest, I was a little worried too when I took it to the tag office. They ran it in the computer and it came back "clean"... whooooosh! Got my title two weeks later. No problem. But you'll know good, bad, and ugly when they run the title number in the DMV/Tag database.
Shouldn't be an issue, but this is just one of many reasons I advise my clients NOT to title cars in their company's name, unless they're going to use it as a true work vehicle (truck, van, etc.). "Fun" cars I have them buy personally and then just 'lease' to the company so we can take depreciation, mileage, etc...
I've heard about people setting up the Montana LLC to not only limit liability, but save on paying sales tax and much lower yearly licensing/tag fees of only $125
For bigger stuff like RV's, planes, yachts, etc. I do that too but for vehicles typically no unless it's an older piece and the client has an LLC specifically to hold all of those assets. Either way, you shouldn't have a problem getting your new ride!
Lets see....$28K X 10.1% (Seattle sales tax) = $2828
average sushi dinner for me and wife = $125 (plenty of saki/kirin beer)
$2828 divided by $125 = 22 dinners
Any pics you want to share of your MY05? We should start a time of ownership poll with this one Groove. Is your boat still in the water or do you remove it during the winter?
boats in water - been having a lot of fun with it.
heres a quick shot of the 05 997S - i have a sneaky suspicion it will be in my garage for a long time.
car has 60K miles, Atlas grey w/black leather - i've always loved atlas grey and not many around.
was involved in minor front bumper accident in 2007 and repaired professionally and excellent job - i'll get more details and photos once i actually have title in hand.
i fly down to houston thursday and friday is PPI.
hope you guys don't mind me hanging out in 996 forum - so far 997 forum not so fun
happy holidays to everyone!!
Beautiful car, groovzilla. Congrats! We'd love for you to stay here in the 996 forum, however, we're going to need to address those headlights. Maybe someone can make you a set of covers that will extend them just a little bit so that they look "right."
Congrats! Beautiful car!
Yeah, the thread closing mod gods are doing their best to turn the 996 forum into a boring ghost town, as well. It's like they're purposely reducing traffic and forum participation.
Take a few shots on the trip home and share them here. Road trips in newly bought vehicles are a blast!
[QUOTE=groovzilla;14663923]boats in water - been having a lot of fun with it.
heres a quick shot of the 05 997S - i have a sneaky suspicion it will be in my garage for a long time.
car has 60K miles, Atlas grey w/black leather - i've always loved atlas grey and not many around.
was involved in minor front bumper accident in 2007 and repaired professionally and excellent job - i'll get more details and photos once i actually have title in hand.
i fly down to houston thursday and friday is PPI.
hope you guys don't mind me hanging out in 996 forum - so far 997 forum not so fun
happy holidays to everyone!!
2005 is a transition year so you are fine.
This is a source reference. Confirm exact model applicability in the original material.
