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How to Purchase a Auto in an LLC





You possibly by now know the relevance of creating organization purchases in get to reduced your all round tax stress. But at times, it can be challenging to establish what sorts of purchases can serve as legit organization fees. Just lately, 1 of our listeners asked about the idea of paying for a vehicle as a organization cost.

In this video clip, we’re sitting down to examine the disorders under which it is legit to acquire a vehicle as a organization cost. We’ll speak about the relevance of purchasing fees with pre-tax bucks, how to manage your organization purchases, and far more!

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48 comments

  1. You guys stay with these videos man! I was listening to this video with my seventeen year old son. He enjoyed it and I have been sending him and (other people) your videos. Always very clear and concise! This is like a hidden gem on YouTube!! Thank you guys so much for all your hard work and effort. My son wants to start an LLC on his 18th birthday!

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  2. i wonder if that Tesla is in the LLC🤔👍

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  3. it looks amazing

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  4. Is this your wife..or daughter

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  5. i was wondering if you got a blow out…..Not !! lol, you guys are great !!

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  6. Thank you Jennifer Lawrence and Robert Downey Jr.

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  7. Are we able to lease a new vehicle if we will be driving high miles every year? For example 30k miles a year. Or would buying better a better choice? Also, when buying items for our business that requires a contract, like a car, how do we sign the contract? Can you give an example please? Thanks!

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  8. You guys are great!

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  9. didnt answer anything lol

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  10. Can an insurance agent do this as well?

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  11. You guys are hilarious

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  12. What if your purchasing a car for your LLC to create revenue would that be a legit reasoning behind purchasing a vehicle for your LLC.? Meaning I want to use it as a ride share like uber/lfyt or a personal limousine service to fund the company as a second sort of funding to the company.

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  13. Shalom Great Video
    Thank ✌

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  14. Very bad idea.
    The risk with vehicles is higher than taxes.
    A lot of people have lost everything because a car or truck accident.

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  15. Buying a car in a Trust instead of LLC

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  16. What about if you fully wrap the vehicle with the LLC logo, Would it be 100% deductible all car expenses under Advertising expenses?

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  17. Up front, Thank You for your time, effort, and insight. The phrase "write-off" is not the same as expense. Like this: I contracted with a new plumber for a flip house. Then, before they even started, they broke the company's 'special' ladder and disappeared after cashing the $100 engagement check (I hate being ghosted). So, I hired a general contractor (GC) to handle the hold job and buy a new much cheaper ladder for the business.

    The ladder and the stolen money are a write-off. (For the CPA: Yes, it was a special $2,000 ladder). The new ladder ($100) and the GC are expenses. Neither have a depreciation schedule.

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  18. How do I find out what you charge for training and what strategies do you teach

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  19. Is it possible to make that: have contract and pay money for Rent a House, for myself (owner of that company). Or not okay for IRS?

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  20. Hmm?Pre Tax dollars…
    Real estate INVESTORS PRIVATE Trust…..Asests

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  21. If the car is registered to the LLC (or any other business entity) then the car must be commercially insured and that’s going to cost a lot more than a personal auto policy.

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  22. Too much talking about nothing, 7 minutes of information in a 14 minute video

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  23. The way you all explain it, seems so different to me. I understand it so much deeper now. I UNDERSTAND IT SO MUCH MORE NOW. I could of been taking advantage of something that's been underused for 16 yrs.

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  24. Good information

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  25. They are too cute!…Great advice! ☺️

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  26. She doesn't wash her hair that's why it looks good, and that's how you buy a car with your llc

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  27. but how do I buy an LLC in my car?

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  28. You talked about gifting your personal car to your LLC. What about buying a personal car through your LLC then later gifting it to yourself just to buy it with pre-tax dollars?

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  29. Great video now I need a brand new truck!😀

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  30. Please speak about how an LLC can use TAX CODE 179 for vehicle and equipment write-offs

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  31. The real estate agent Jay Morrison talked about this. Nevertheless, great info.

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  32. Question: Since my real estate business (llc) is still very young (less than 2 yrs) with very limited business credit history, can I purchase a work truck under my personal name (good credit history) for business only, and still get all the tax advantages that come with it e.g. deducting 100% of this expense on my 2019 taxes in the 1st yr?

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  33. "Blow out!" The chuckle. 🤭👍

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  34. How to Buy a Car in an LLC??? HOW??? Who cares about your hair or smoking habits HOW???

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  35. How to Buy a Car in an LLC??? HOW??? Who cares about your hair or smoking habits HOW???

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  36. How to Buy a Car in an LLC??? HOW??? Who cares about your hair or smoking habits HOW???

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  37. She should sit back and let him run the business… this was ramble 101!!!

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  38. Yes your hair is gorgeous! Great expense!

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  39. Hey guys I’m getting a lease from my own personal credit; just asking how will I put the lease under my corporation?

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  40. answer the question correctly !!!! not your opinions the question how to buy a car with an LLC correct ? not your gibberish and hair blows

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  41. LLC here we come.. used to use a full Corporation for an Entertainment Biz. But… now Real Prop LLC in one of the 2 Great States for such… HINT. jUST what I needed to make sure.. you made the mistakes.. so I do not. eh ? > Thanks and let me know if you are interested in Colorado. You will not reqret such.. but.. you really need someone that is really versed in the Wild West here. Never ( say never) but for now.. Boulder lookes good on paper.. but not a good Government situation.. worst in the state unless you join the City Council… maybe ? But COLORADO now is IN another boom migration.. they come in waves every few years.. that ups the prices (and taxes) every time. ALL OTHER TOWNS AND COUNTIES LOOKING GREAT !

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  42. Too much fluff talk, bantering.

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  43. Lol @ the cigarette break and “no you’re not” 😂😂

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  44. Morris Invest love the videos how can I get started in real estate? Acquire my first property to hold and rent

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  45. She's very good at explaining things

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  46. If my employer gives me a vehicle allowance that’s assumed to be enough for mileage, wear, and tear, but I drive beyond what most do, can I write off my mileage on my taxes?

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  47. 5:04 the video starts
    Thank me later

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  48. I thought this was Portlandia, the, "Aayyooo RRIIIVVVEEERRRR!!! Couple"

    Reply

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