| The original post spoke of an LLC for insurance--not for avoiding sales tax.
Avoiding sales tax in one jurisdiction does not relieve someone in a state (typically) from paying the use tax in that state even if the aircraft or other asset is registered outside the state. Some states even tag on additional sales tax on top of sales tax already paid in another state.
Sales tax is a different issue entirely unless insurance and sales tax are connected somehow that was not explained in the original post.
Nevada does have a sales tax on aircraft when the seller is a Nevada LLC and the sale takes place in the state. How do I know? I was required to pay it. Jay Phillips Hi there
Two states are well known for no sales tax on aircraft boats and other vehicles.
1. Create a corporation (you can do this yourself)
2. Use Nevada or Delaware
3. Get a registered agent. (About $125/year)
4. Register vehicle in the corp name
Smile all the way to the bank
TOTALLY LEGAL
Where I live the tax would be 8 5/8%. That buys a lot of free lunches
Peter
> To: lml@lancaironline.net
> Date: Thu, 29 Aug 2013 16:27:35 -0400
> From:dconkey@conksite.com
> Subject: [LML] LLC for Insurance
>
> It appears I may have to create an LLC in another state in order to obtain insurance for our California based Turbine. The only Company (Meadowbrook) that will insure the plane does not have authorization for CA.
>
> Anyone on the list have experience doing this? The pitfalls and best way to go about doing this? Looking at Nevada for the LLC.
>
> BTW, we just had our first starts of the engine this weekend. It went well. Link below.
>
>http://www.youtube.com/watch?v=ppsSJB0kvXw
>
> Thanks,
>
> Denis
> N750PJ
>
> Sent from my iPad
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