The Electrical Contractor Network

ECN Electrical Forum
Discussion Forums for Electricians, Inspectors and Related Professionals

Books, Tools and Test Equipment for Electrical and Construction Trades

Register Now!

Register Now!

We want your input!

Featured:
   

2017 NEC and Related
2017 NEC
Now Available!

   
Recent Posts
Why cables look like they do
by Texas_Ranger
38 minutes 9 seconds ago
Forum Software Upgrade coming soon...
by HotLine1
42 minutes 36 seconds ago
Re: Fabricating Guards out of Lexan?
by ghost307
Today at 11:21 AM
Would ELV branch circuits be a good idea?
by ghost307
Today at 11:18 AM
100% breakers?
by Texas_Ranger
Yesterday at 06:13 AM
New in the Gallery:
Desk-mounted "power-board"
Shout Box

Top Posters (30 Days)
HotLine1 19
Webmaster 14
Trumpy 12
ghost307 12
frank 9
Who's Online
2 registered (gfretwell, ghost307), 0 Guests and 80 Spiders online.
Key: Admin, Global Mod, Mod
Topic Options
Rate This Topic
#158735 - 08/15/06 03:49 PM Van Title Question
rowland Offline
Junior Member

Registered: 07/26/06
Posts: 5
I have a question about the title to a van. I just started my business and I am working part-time at night on weekends, as I still have to hold on to my full time job. My business is just a sole proprietor, I do carry a liability policy. I know ideally a LLC or INC would be better and I am heading that way, but I had to start somewhere. My question is do I put a new van in my name or in my company name? I do plan to change to a LLC later on, and I have heard pros and cons both ways, so what is your opinion, my name or company name? Thanks in advance for any info.

rowland

Top
Business, Office, Estimating, Legal:
#158736 - 08/15/06 05:01 PM Re: Van Title Question
Dnkldorf Offline
Member

Registered: 12/12/04
Posts: 1091
Loc: nowhere usa
I am an INC.

Accountant told me long ago, to seperate business from personal stuff, including vehicles.

It keeps someone from suing you personally, if something bad happens.

Although you might need to talk to your accountant/insurance agent, some laws may vary from state to state.

Top


ECN Electrical Forums - sponsored by Electrical Contractor Network - Electrical and Code Related Discussion for Electrical Contractors, Electricians, Inspectors, Instructors, Engineers and other related Professionals