Quote:
Originally Posted by BlkGS
The MT LLC thing is tax fraud, pure and simple. While some might have gotten away with it, it's still tax fraud and can land you in jail.
If you ACTUALLY own a business and can prove it and that business is incorporated in MT, that's one thing. But if it's a holding company that you're faking to buy cars with, that's tax fraud and the government can come after you long after you thought you got away with it
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you need to define 'legit business'. by your definition someone could create an LLC in MT and sell one pair of socks per year through it. they are conducting legitimate business are they not? so he gets to avoid $300k sales taxon his bugatti.
if thats wrong then how many does he need to sell? 10? 100? 1000? is 499 socks a sham company and 500 a legit company?