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Corporations can and do register cars in their names. I assume LLCs are not afforded the same privilege because they do not undergo the same level of regulation
by nexuist 8y ago
Corporations can and do register cars in their names. I assume LLCs are not afforded the same privilege because they do not undergo the same level of regulation that a C corp does. When you're involved in a car accident, your insurance doesn't want to go through webs of shell LLCs to find out who they need to sue / file a claim with.
- ghaff 8y agoA quick search suggests that a title can be transferred to an LLC. (e.g. https://smallbusiness.chron.com/transfer-private-vehicle-llc-3668.html https://smallbusiness.chron.com/transfer-private-vehicle-llc...). IANAL.
- PeanutNore 8y agoA vehicle title and a vehicle registration are separate things, though. It's entirely imaginable that an LLC may be able to own a vehicle title while still not being able to register that vehicle.
- dublinben 8y agoVehicle registration is a common service offered by registered agent companies in the states mentioned in the article. An out-of-state license plate could attract unwanted attention though, which may be why Lopp chose not to employ this technique.