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Kirkham Motorsports

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  #1 (permalink)  
Old 03-26-2010, 09:08 AM
Don Don is offline
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" So what happens with all the older people that maintain 2 residences and come here for the spring/summer months and then go back in the winter?
Are they re-registering everytime they move? I don't think so. "


There is a major difference in having a permanent address in one state and visiting a state on a temporary basis, one or the other has to be the permanent, not both. As an example, believe FL for the Homestead Exemption requires FL to be the permanent address. Does the driver's license address match the registration address and the names are the same. Legally, can't have two driver licenses from different states
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Old 03-26-2010, 11:48 AM
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[i]There is a major difference in having a permanent address in one state and visiting a state on a temporary basis, one or the other has to be the permanent, not both. ... Legally, can't have two driver licenses from different states
There's always the option of having an out-of-state corporation hold title to your car. That might avoid the messy "dual-residency issue."
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Old 03-26-2010, 12:01 PM
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Patrickt,

We are all giving him advise based on our states position on this. His state may have a complete different work around. I think southern Calif. isn't as quick to jump on an Oregon license plate, but they have Nevada and Arizona which could be the same as Oregon up here. I have seen the CHP turn around and cross the freeway median to stop a car or vehicle with an Oregon plate here. Really no reason to stop them as they could just radio in the plate and find out if it is really an Oregon car or someone living in this area. I do see a lot less Oregon plates the past year or so. And as I said earlier, one guy had to fight and spend quite a bit of money to keep them from taking his Cobra because he used a friends address in Oregon to register it there. Here the year of the block no longer matters, you need the SB-100 number or it has to meet the emission requirements of the year of the build.

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Old 03-26-2010, 12:12 PM
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Well, suppose ERAChas, RodKnock, and I all wanted to go in and buy the SuperSnake that sold a while back. Of course RodKnock would put up the majority of the cash, but we would almost certainly set up a single purpose entitly, be it a corporation or an LLC, call it say "Supersnake Investment, Inc." and the choice of where we set up that corportion would be governed by which state (that we had at least some minimum contacts with) would have the friendliest registration and titling procedures (now granted we're talking replica for the OP's problem). The car would spend some time in all three of our states, as we drove it around and acted really cool, but when Chas. got pulled over for doing donuts and throwing beer cans out the back, the car would not be registered, nor titled, to him and it would, presumably, only have to meet the titling and registration requirements for its own state (not the state where Chas. lives). So long as the car is titled in a Cobra-friendly state, to a domestic corporation in that state, and spends a reasonable amount of time in that state (like in storage over the winter), I think you've got a pretty good leg to stand on that it can wear that state's license plate with impunity whereever it may decide to go.
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Old 03-26-2010, 12:39 PM
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Well, suppose ERAChas, RodKnock, and I all wanted to go in and buy the SuperSnake that sold a while back. Of course RodKnock would put up the majority of the cash, but we would almost certainly set up a single purpose entitly, be it a corporation or an LLC, call it say "Supersnake Investment, Inc." and the choice of where we set up that corportion would be governed by which state (that we had at least some minimum contacts with) would have the friendliest registration and titling procedures (now granted we're talking replica for the OP's problem). The car would spend some time in all three of our states, as we drove it around and acted really cool, but when Chas. got pulled over for doing donuts and throwing beer cans out the back, the car would not be registered, nor titled, to him and it would, presumably, only have to meet the titling and registration requirements for its own state (not the state where Chas. lives). So long as the car is titled in a Cobra-friendly state, to a domestic corporation in that state, and spends a reasonable amount of time in that state (like in storage over the winter), I think you've got a pretty good leg to stand on that it can wear that state's license plate with impunity whereever it may decide to go.

First, I would have to be the managing member of the LLC and require 50% of any upside, but no downside risk. You and Chas could provide the capital and be silent partners.

Second, our new company or LLC would have to make a profit at some point, otherwise the IRS would shut it down.

Third, you and Chas would have to pay the LLC or Corporation tax of $800/year.

Fourth, our license plate might have to be commercial and the insurance may be higher since our Kirkham might have to be a commercial vehicle

Granted, I can't do it, because of the lack of skills, knowledge and tools, but an experienced professional in a shop like the one where I had my car, could have that 482 engine and tranny out in less than an hour.
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Old 03-26-2010, 12:41 PM
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You and Chas ... be silent partners.
Well that's a deal-killer right thar'.
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Old 03-26-2010, 12:45 PM
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Well that's a deal-killer right thar'.
For me as well.

I can only see you guys as my maintenance crew. BTW, bring those wooden ramp thingees to change the oil too.
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Old 03-26-2010, 12:44 PM
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Second, our new company or LLC would have to make a profit at some point, otherwise the IRS would shut it down.
Damn it, Rod, you're not thinking far enough outside the box.

Bahamian registration for the holding company. Fixed.
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Old 03-26-2010, 12:48 PM
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Agreed, a business deal of that nature is a prescription for disaster. But, my suggested post should not be dismissed lightly. If he gets to the point where he is going to sell his car because he can't drive it, then he just might want to revisit it.
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Old 03-26-2010, 12:17 PM
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Chris.....I did not go back and reread the Thread. Might the FFR tech or sales staff, being located in MA, be of assistance with options/alternatives, appeal process, waivers, etc., especially if they have experienced the same situation with their customers ? Might have some inside info.

Question was asked earlier, is it just the engine or the complete drive train that MA objects to ?
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