Separate names with a comma.
Discussion in 'General Industry Discussions' started by Prestige-Lawncare, Nov 30, 2006.
For those of you (us) who are legit ... who actually owns your truck(s) ... you or your business?
I am a sole prop so I own it all. When I was in a partnership with a much larger company we had another company that owned all the vehicles and equipment. That company leased the vehicles and equipment to the landscape company. We did this for liability reasons.
The pickup is in my name, as well as that darn statement that comes each month to my mailbox
My business...then again, I own my business.
We actually have a seperate company that owns our trucks then leases them back to our other companies, of course we own both companies...
The trucks are in my name... if somebody sues my business/corporation... they aren't taking my trucks.
I own it all except for the F-250.
A local bank institution owns that till the middle of '07!
Our company owns most of our truck( the bank still has a few liens on them), I own a few of them and lease them to the business. We also own a tree farm and our landscaping company leases a truck and a tractor to it.
Sole Prop here as well and I own everything. That will soon change however. When I become and LLC, everything will be in the name of the bus.
What kind of tree farm do you own?