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

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: 1064
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

Member Spotlight
Member Since: 02/23/13
Posts: 204
New in the Gallery:
SE cable question
Featured:

2017 NEC and Related
2017 NEC
Now Available!

Shout Box


Who's Online
0 registered (), 61 Guests and 10 Spiders online.
Key: Admin, Global Mod, Mod
 
New in the Gallery:
SE cable question
 
Top Posters (30 Days)
Admin 47
HotLine1 43
gfretwell 19
Ruben Rocha 12
Trumpy 9
 
Newest Members
KrmtFrg, Stack, Scotto, Freecrowder, clee512

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