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Sales Tax in a Nevada Corp.

Discussion in 'Ferrari Discussion (not model specific)' started by 348 Turbo, Apr 18, 2008.

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  1. 348 Turbo

    348 Turbo Formula 3

    Jul 17, 2002
    1,837
    #1 348 Turbo, Apr 18, 2008
    I understand if you register a Nevada Corp, you can title your car to the Corp. The advantage is no sales tax in Nevada. Is this true? Has anyone done this?
    Thanks.
     
  2. Simon^2

    Simon^2 F1 World Champ

    Oct 17, 2005
    12,313
    At Sea Level
    #2 Simon^2, Apr 18, 2008
    Topic better suited to B&I.
     
  3. dysko

    dysko Formula Junior

    Sep 20, 2005
    923
    Altus
    Full Name:
    Dave
    #3 dysko, Apr 18, 2008
    Better suited if you are subscribed...

    Gone are the days that B&I was free to the masses.
     
  4. GrigioGuy

    GrigioGuy Splenda Daddy
    Lifetime Rossa Owner

    Nov 26, 2001
    33,114
    E ' ' '/ F
    Full Name:
    Snike Fingersmith
    #4 GrigioGuy, Apr 18, 2008
    Perhaps best asked in the Nevada section?

    I will say I see a -lot- of high end cars registered out of Montana due to taxes. Don't know the mechanics of that.
     
  5. 348 Turbo

    348 Turbo Formula 3

    Jul 17, 2002
    1,837
    #5 348 Turbo, Apr 18, 2008
    This information was passed onto me by a freinf who owns a sailboat in California. He claims that's how lots of those boats are registaered, for those tax reasons.
     
  6. 348 Turbo

    348 Turbo Formula 3

    Jul 17, 2002
    1,837
    #6 348 Turbo, Apr 18, 2008
    ah, I guess a quick spell check would've been good!
     
  7. TopElement

    TopElement Formula 3

    May 14, 2005
    1,540
    OC & Vegas
    Full Name:
    A Montoya
    #7 TopElement, Apr 18, 2008
    The "edit" button would have done just fine.

    Does a corporation need to be based in NV to be registered there?
     
  8. APA#1

    APA#1 Formula 3

    Nov 5, 2003
    1,311
    Central Florida
    #8 APA#1, Apr 18, 2008
    Nevada HAS 7% sales tax AND very HIGH tag fees on cars. A 50K car can run you 2K per year for plates alone.
     

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