Company Car for my LLC? | The Fastlane Forum: Entrepreneur…
Do any of you have company cars for your corporations? I have read a little bit on the tax benefits of allowing my company to own a car. If I buy/insure my next car through my LLC, how can I use it within the bounds of tax law?
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Since many LLCs may find it necessary to provide transportation for owners, clients and employees, an LLC can buy a car as a way of providing this necessary transportation. This constitutes a normal business expense, which functions as a decrease of taxation on the owners.
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Dear Bankruptcy Adviser, Can I buy a car after filing Chapter 7 bankruptcy but before the case is closed? Sitemap Newsletters Careers Understanding Bankrate's rate averages © 2016 Bankrate, LLC All Rights Reserved.
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Can I Sell My Vehicle to My LLC? | Chron.com
An LLC may buy, sell or retain private property like a vehicle. Limited liability companies, known as LLCs, are legal entities created through state business agencies and, in most cases, registered with the Internal Revenue Service for tax purposes.
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When you go to purchase a car you should actually purchase the car and not rent to own from the bank. If you can't pay cash you should not buy the car. Now the New Mexico LLC (limited liability company) owns the house and the car.
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