377: Montana LLCs & Million-Dollar Missteps with John Draneas

What's the real risk of registering your Ferrari or Bugatti under a Montana LLC? And how can you protect yourself when buying a multi-million-dollar classic with questionable provenance? In this episode of The Collector Car Podcast, Greg Stanley sits down with collector car attorney and Sports Car Market columnist John Draneas to unpack the legal land mines that come with tax loopholes, LLCs, and authenticity claims. We cover: Why so many collectors flock to Montana—and what state tax authorities are doing about it Real-world examples of buyers losing millions on cars with faked histories The importance of due diligence, documentation, and expert verification How legal ownership and actual possession can be two very different things Whether you're considering a cross-country title shuffle or bidding on a barn find at auction, this is a must-listen legal deep dive for every collector. Contact John - https://draneaslaw.com/attorneys/john-draneas/ 🎧 Listen now and subscribe so you don't miss future expert insights! #CollectorCarPodcast #MontanaLLC #CollectorCarLaw #CarAuthentication #FerrariFraud #BarnFinds #CarCollectors #JohnDraneas #SCMLegalFiles #CarInvesting #HighEndCars #CarLaw #RM_Sothebys #TheCollectorCarPodcast Listen to the "Octane FM: Shift, Rev, Repeat" album on Spotify! Stay connected with The Collector Car Podcast—find us on our Website, Instagram, Facebook, YouTube, or reach out to Greg directly via email. Join RM Sotheby's Car Specialist Greg Stanley as he brings over 25 years of experience and keen market analysis to the world of collector cars. Each week, Greg dives into market trends, interviews industry experts, and shares insights—with a little fun along the way. New episodes drop every Thursday and are available on Apple Podcasts, Google Play, Spotify, or wherever you get your podcasts. Learn more at www.TheCollectorCarPodcast.com or email Greg at [email protected]. Interested in consigning a car at an RM Sotheby's auction? Contact Greg directly at [email protected].