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In-Laws run several LLC businesses in New Mexico -- all legit and profitable businesses for the the family. When we purchased our 5er in ABQ a couple of years ago they 'offered' to put it into the LLC and 'loan' it to the wife and I. Would save several percentage points in Sales Tax, and then annual property Taxes that Kansas collects.. I called Kansas and local Treasurer said that they look at where the 5er is 'garaged'. Since that would be Kansas, I had best have Kansas plates, title, etc.. or else fines could accumulate. There was also an issue with insurance. We declined the In-Law's offer and have never regretted it.
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