Corporate car leasing to small businesses.?
I have the title in my name and I bought the personal insurance. My S-Corporation Leases of me and now pays the insurance. Subtract I W2 personal use, in other words, X W2 is real on paper, and the payment of wages, the X-personal Use. My accountant said I could have the full content, and write back a personal check to the company for personal use. It can be confusing, but what interests me, what I really fall when I drive my car two to business and personal, and get off when my wife, my car's on? We are listed on both the personal automobile insurance. Other ways to achieve the same or can not be better to buy the name of the company car policy or To add an insurance automotive companies with a particular type of personal liability or other coverage. I am president of the S-corp and am I the only one Employees, even though my wife might be an employee soon. Thoughts?
You have the car is insured on a policy of personal automobile insurance, No? But it is leased to your company. This means, your company is responsible for accidents. Does your insurance company cover car accidents? Do not Add to a company that the insured or additional named insured on a personal auto insurance. to draw a lawyer lease, rent, car Company to you? Who says that the DMV is the provider of your car? Your Business or plate in your own name? I think your company makes this wrong. If the goal is It made all the owners and operating costs of the car business, I think that the title need to be transferred to your business and you need a business automobile Policy on this issue. If you do not have another car Do you or readers of a woman, you must also add "driving the other car" coverage of the auto policy business.