2007-07-27 14:37:49 · 3 answers · asked by Cessna123 1 in Business & Finance ➔ Taxes ➔ United States
Yes, an LLC can be sold.
But, since the name on title of the boat will still be the LLC, nothing would appear to change in the eyes of the DMV. But if the LLC sold the boat, definitely.
2007-07-27 14:46:42 · answer #1 · answered by David G 1 · 1⤊ 0⤋
One is not dependent upon or even related to the other.
Any business can be sold. The sale of a business is a complex transaction that requires professional assistance. The assets, inventory, goodwill, etc. must all be separately accounted for.
Anyone buying a boat must pay the use tax and any other taxes and fees when they register it. Any vehicles that are part of a business sale other than a corporation will see a change of ownership with the sale. Therefore all taxes must be paid.
2007-07-27 14:45:31 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 0⤋
Yes. Contact your state's department or bureau of corporations for specific instructions.
2016-05-20 22:28:20 · answer #3 · answered by eliza 3 · 0⤊ 0⤋