Hi! Love the show and have learned so much from it that I have shared with my accountant that has helped us tremendously.
We have a unique opportunity- We travel 9 to 10 months a year in our RV for my husband‘s work. And after five years of doing this, we decided last fall to accept an offer on our home. What a blessing!
At this time, we are traveling full-time, and not in a rush to purchase land or home. We truly do not have much of a desire to do so because of the freedoms we are enjoying with travel.
We have researched where we might would plant our flag or establish domicile as we have become more open to which state is most advantageous for us as business owners. Our current home state is Louisiana, where everything is taxed. We recently discovered all that South Dakota offers from no state, income tax, no corporate tax, no tax on investment earnings, no capital gains tax, low sales tax, gracious residency requirements for RVers, just to name a few.
My question is What is the best way to know for sure if this move and all that’s required it is worth it? Meaning transferring vehicles, residency, health insurance, and we have three S-Corp. companies. I don’t see any main street tax advisors located in your directory in South Dakota. So How do we find someone who believes in your strategies for taxes, but yet also is familiar and versed and South Dakota taxes? When we take action on this, it will be the time that we also want to set up our trifecta as South Dakota has great asset protection trust as well.
I look forward to your feedback and if that is a session with one of your advisors, please recommend which session as there are a few things here that we feel we need clarification and guidance on?