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Updated over 15 years ago on .

Chris C.'s profile image
Chris C.'s profile image
Chris C.
  • Wholesaler
  • from Easley, South Carolina
  • Member since May 8, 2010

User Stats

340
Posts
249
Votes
Chris C.'s profile image
Chris C.'s profile image
Chris C.
  • Wholesaler
  • from Easley, South Carolina
  • Member since May 8, 2010
Chris C.
  • Wholesaler
  • Easley, SC
249
Votes |
340
Posts
Goals, Business Plans & Entities

Owning a vehicle in an LLC

Chris C.
  • Wholesaler
  • Easley, SC
Posted

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.

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