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Updated over 14 years ago,
Owning a vehicle in an LLC
I have an LLC for my trailer park and recently purchased a truck. What are the pros and cons of registering this truck in the LLC. The truck will not be used exclusively by the LLC. Along the same lines are there some other creative ideas for maximum tax advantage. Example letting my son start a company that leases the truck to my company. I know there have been post recently about doing this with a lot of the things needed for doing business.