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Updated over 7 years ago, 02/24/2017
Thinking about getting a company car, title in old or new entity?
Hi all,
I'm currently outgrowing my current car for the business and would like to upgrade. I currently have 2 entities, one holds my SFR and the other holds my MFR. I'm debating whether I want to title a new vehicle in one of the entities or create a new one?
I assume there will be less liability if its titled in a new separate entity since it won't be connected to my first two entities nor my personal name. The usage will probably be 35% SFR entity, 35% MFR entity, and 30% personal.
What do you all think???
Thanks!