Montana LLC Asset Protection
A titled vehicle is a public record. Anyone can write down your license plate number, look up the vehicle, and identify the owner of that vehicle. That’s why having your vehicles titled in a Montana LLC provides you a lot more privacy. It also greatly reduces your personal liability when you are driving a company-owned vehicle rather than a vehicle under your human name.
None of us plan for accidents, but we get insurance in case an accident happens. The same reasoning applies here: nobody plans to have an accident while operating their vehicle, but if and when it happens, you want to be sure you’ve done everything to protect your personal assets from being liable.
Here’s an example from our experience: We had a client that owned their boat under a Montana LLC. On a normal day like any other, our client was operating their boat when their propellers snagged another boat’s line. Needless to say, there was damage. The good news? Aside from the fact that no one was hurt and everything was resolved amicably, our client knew that no one could go after them personally since the boat was under the LLC’s name. Yeah, you’ll still have to deal with insurance and damages, but the beauty of registering your vehicle under an LLC is that no one can overstep and pursue your personal assets in a suit. They can only sue the Montana LLC and its asset: the boat itself.
The same theory applies to airplanes. Think of all the liability in owning an airplane personally.
Driving a Montana LLC car or truck puts the Montana LLC out in the public way more than you personally would be if you register or license your vehicles under your human name.
Another added benefit:
When you sign applications for credit cards, cell phones, utilities, and loans, you give those companies permission to check your credit and do asset searches on you from time to time. It is a lot better for you to not own anything personally, so that there is nothing to really find. Do you really want your personal name and information sold because you are profiled owning an $80,000 Audi?