View Single Post
Old 11-18-2012, 07:12 PM
Duekster Duekster is offline
LawnSite Fanatic
Join Date: Jan 2007
Location: DFW, TX
Posts: 7,969
Originally Posted by Weekend cut easymoney View Post
In partnership, he said it last year in passing...I didn't question him though....maybe so I could increase my own income relative to partner...
Posted via Mobile Device

I signed for much of the equipment then gave away two truck when I went through a partnership breakup. If you buy it and lease it to the company several things happen.

You can take a loss ( depreciation) on it beyond what the company earns say against the wifes income.

You own the equipment and it is not partly owned by the partner so if there is a break up you still have it.

True partnerships and many of them fail sooner or later.
Reply With Quote
Page generated in 0.03963 seconds with 8 queries