How To Register The Car For Florida Corporation If I Currently Live In Maryland And Buying Vehicle Here?
Tags: Car, How, Register, The, To
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on Monday, July 27th, 2009 at 3:23 pm and is filed under Q& Car Buying.
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I dont know laws, But just a guess here….
Your corporation can buy the car, and own it, it doesnt matter where the car gets registered. Thats just like you can personally Call up a car Dealership in Virginia and order a car, while you live in MD, there is nothing stopping you for from doing that. There is no law that states you must buy a car from the state you live in.
So Since you live in MD, you will just have to register the car in MD, get it inspected there. They still physically own it, But since the car will be stored in MD you will need to get it registered there. I do know alot of states have laws about that. When you register it in MD, you will just have to pay the Taxes to MD and such.
Most states have a law that requires you to register vehicles if you are going to be in that state longer than 6 months (which would be more than half a year therefore giving that state the credit for the registration and taxes etc). Insurance purposes might also make it difficult to have a car registered in Florida, But garaged in Maryland. Just a thought.