Work Business Truck Pros and Cons
Work Business Truck Pros and Cons
I'm looking for the pros and cons for purchasing a new (used) work truck for windmilling. Can anybody recommend if I should put the truck in my name or the business name? Thanks
Jerry Wade Barker
Wills Point, Texas
214-893-2864
www.farmhousewindmills.com
farmhousewindmills@hotmail.com
Wills Point, Texas
214-893-2864
www.farmhousewindmills.com
farmhousewindmills@hotmail.com
Re: Work Business Truck Pros and Cons
I would think that would be a question for your tax person and your insurance person. I know different states have different laws on how that has to be handled. I know with our farm trucks its gets a little unclear on using the truck for business or personal and how the truck is titled.
Re: Work Business Truck Pros and Cons
Several options if you opt not to put it in your name:
https://www.sos.state.tx.us/corp/busine ... ture.shtml
https://www.sos.state.tx.us/corp/busine ... ture.shtml
Re: Work Business Truck Pros and Cons
Talk to the tax guy.
Call Dan Benjamin for parts. P M me for the phone number. IF YOU TALK TO HIM, AND HE HELPS YOU, THEN BUY FROM HIM. IT CREATES GOOD KARMA.