IM trying to get my business up and running but i am having trouble getting a
vehicle finance in the business name. the dealership will approve it in my
name but not the business. can you give me some advise the company was
incorp. in june of this year the vehicle is the only thing holding me back
You probably don't yet have enough business credit history to qualify to
purchase the vehicle in the business name. Check with your insurance company
that writes your business insurance. You should be able to own the vehicle
and use it for business purposes. You will need to keep detailed mileage
records for tax purposes when you do it that way, however.
jtowbin | Community Moderator |
10/25/2012 - 11:38 am
HI, In case you haven't already, check out some of our resources for starting a business. You'll find a guide to help you determine if you're ready, details about writing a business plan, and preparing business finances. The SBA also has resource partners like SCORE, Women’s Business Centers and Small Business Development Centers located across the country, which provide free business counseling to individuals looking to start or expand a small business. These organizations can help you with the process of starting your business. Visit our local assistance guide to find your local SBA resource partners by entering your zip code.
BizResearcher | Window Shopper | 10/31/2012 - 3:31 pm
purchase the vehicle in the business name. Check with your insurance company
that writes your business insurance. You should be able to own the vehicle
and use it for business purposes. You will need to keep detailed mileage
records for tax purposes when you do it that way, however.
jtowbin | Community Moderator | 10/25/2012 - 11:38 am
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