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Old 01-23-2013, 10:41 PM
205mx 205mx is online now
LawnSite Bronze Member
 
Join Date: May 2011
Location: Nashville, TN
Posts: 1,809
Vehicle Registration

Putting my company in the form of an S-Corp.


My question for you fellas is: I have a truck that I use 80 business / 20 personal.

Should I register the truck personally in my name and then reimburse myself the expenses at the standard mileage rate?

or

Should I register the truck in the business name, then put the vehicle use on my w-2 and paycheck when I pay myself.

Not sure exactly how this all work, also not sure how it co-insides with insurance policies.

Currently I have the truck registered under me and my wife's names, and just have commercial use insurance on it.

Thanks.
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