Thread: Newer vs. Older
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Old 04-24-2016, 08:08 PM   #56
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City: SF Bay Area
Country: USA
Vessel Model: Tollycraft 34' Tri Cabin
Join Date: Feb 2011
Posts: 8,998
Quote:
Originally Posted by THD View Post
MBevins-no you do not have to pay sales tax again when transferring a boat to an LLC. It is not a "sale" but a change in form of ownership. You transfer ownership to the LLC in return for ownership of the LLC. States do not consider this a sale and do not charge sales tax on the transaction.
Does the LLC need to be in same state as boat registration is in?

Delaware is inexpensive to own an LLC. Approx. $100 per yr for service co and $300 per yr state use fee. No state income tax.
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