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  1. #1
    Join Date
    Apr 2019
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    4

    Default Transferring Title to My LLC How Will It Be Registered

    My question involves a consumer law issue in the State of: PA

    I live in PA and Im looking to transfer Title of my car to my out-of-State LLC. The car will still be driven and garaged, as usual, from my home address in PA - the only thing that will change is the ownership.

    With this being the case, would the car then be registered in PA under my personal name & address, or the name & address of the LLC? Or, do I have the option of registering it under either name & address?

  2. #2
    Join Date
    Oct 2006
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    15,201

    Default Re: Transferring Title to My LLC How Will It Be Registered

    Quote Quoting missfuller
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    My question involves a consumer law issue in the State of: PA

    I live in PA and I’m looking to transfer Title of my car to my out-of-State LLC. The car will still be driven and garaged, as usual, from my home address in PA - the only thing that will change is the ownership.

    With this being the case, would the car then be registered in PA under my personal name & address, or the name & address of the LLC? Or, do I have the option of registering it under either name & address?
    Why do you have an out of state LLC?

    Also, is the business new or is it a going concern?

  3. #3
    Join Date
    Apr 2019
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    4

    Default Re: Transferring Title to My LLC How Will It Be Registered

    It’s a new LLC. Purpose is privacy/liability/protection of assets.

  4. #4
    Join Date
    Oct 2016
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    2,765

    Default Re: Transferring Title to My LLC How Will It Be Registered

    What do you hope to gain by doing this and what it is LLC state?

  5. #5
    Join Date
    Apr 2019
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    4

    Default Re: Transferring Title to My LLC How Will It Be Registered

    Quote Quoting PayrolGuy
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    What do you hope to gain by doing this and what it is LLC state?
    See above. New Mexico.

  6. #6
    Join Date
    Oct 2016
    Posts
    2,765

    Default Re: Transferring Title to My LLC How Will It Be Registered

    I'm not going to comment on the privacy part but you driving what is actually a personal car a single member LLC isn't going to help you much on either liability or asset protection.

    Your insurance company may well have an issue with insuring in PA for a car registered in NM.

  7. #7
    Join Date
    Apr 2019
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    4

    Default Re: Transferring Title to My LLC How Will It Be Registered

    Quote Quoting PayrolGuy
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    Your insurance company may well have an issue with insuring in PA for a car registered in NM.
    So you’re saying the vehicle wouldn’t be registered in PA?

  8. #8
    Join Date
    Oct 2006
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    15,201

    Default Re: Transferring Title to My LLC How Will It Be Registered

    Quote Quoting llworking
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    Why do you have an out of state LLC?

    Also, is the business new or is it a going concern?
    I recommend against doing that. If the LLC doesn't make it and has debts, then you will have to sell the car to go towards the debts. Let it be your own personal car and have the LLC pay you mileage for the use of it.

  9. #9
    Join Date
    Oct 2016
    Posts
    2,765

    Default Re: Transferring Title to My LLC How Will It Be Registered

    I misread your post. I thought you wanted to register in NM.

    You shouldn't have a problem but I think you are overestimating the power of the LLC to protect you.

    ETA: I think you may need a PA address to register your car in PA so out goes the privacy.

  10. #10
    Join Date
    Mar 2013
    Posts
    16,763

    Default Re: Transferring Title to My LLC How Will It Be Registered

    You are seriously going to mess up your auto insurance. The car will be owned by a business and rated as a business vehicle. Insurance companies generally don't write personal auto policies to business names. A commercial policy will cost you a lot more.

    As for

    Purpose is privacy/liability/protection of assets.
    Sorry, an LLC isn't going to protect you from the damage or injury claims arising out of the operation of your automobile. You're responsible for your own negligence and personal assets can be attached when a judgment is awarded against you personally.

    Nor will an LLC assure you of privacy. LLC registration is public record. All anybody needs to do is look it up to get your name and address.

    If you borrow money or get into any deals involving contracts, others will want a personal guarantee, so there goes your LLC protection right out the window.

    In a one person LLC the person is the face of the business and is going to be named as an individual along with the LLC.

    What is it you do that you think required an LLC?

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