DMV License Ownership Regulations
When a dealership is created, all owners with a 10% ownership interest must take the DMV class.
The owners spouse must also take the class to be a listed owner of the dealership.
Dealer plate privileges for 24/7 personal use are only extended to listed owners.
There are four choices to hold dealer ownership:
Limited Liability Company ( LLC )
The tax considerations of your choice of ownership should always be considered. You have one year from the course date to make this decision when you submit your completed car dealer application to your DMV inspector. All owners regardless of dealership structure must take the class.
DMV License Application Assistance
The process of completing the dealer application and forming your structure can be difficult.
These TriStar instructors offer dealer application assistance for an additional fee:
Sony Duong, English, Vietnamese and Chinese, 714-677-0843
Jorge Elizalde, English and Spanish, 209-985-0426
Azita Rezaei. English and Farsi, 415-730-3137