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Work Business Truck Pros and Cons
Posted: Tue Oct 01, 2019 11:23 am
by JBarker
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
Re: Work Business Truck Pros and Cons
Posted: Tue Oct 01, 2019 1:00 pm
by hedgerow
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
Posted: Tue Oct 01, 2019 5:30 pm
by CTXmiller
Several options if you opt not to put it in your name:
https://www.sos.state.tx.us/corp/busine ... ture.shtml
Re: Work Business Truck Pros and Cons
Posted: Tue Oct 01, 2019 5:43 pm
by windybob
Talk to the tax guy.