Hello, I have a question. I'm looking to become a limited partner to my friends trucking business, but I would like my name to be on the title of the 18-wheeler as well as his. I have had some trouble with this, as far as if the vehicle is already being financed I can't add my name to the title but if we purchase one what is the likelihood of me being listed on the title if I'm listed as guarantor? The reason I ask is because I've been told that the title needs to be in one person's name only (?)
Also, for a limited partnership agreement do I have to get an attorney? Or can I just create a contract myself and sign it in front of a notary?
2 names on title?
Discussion in 'Ask An Owner Operator' started by Lgaff, Feb 2, 2021.
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also you need to be listed as an partial owner of the company & all equipment needs to be titled in the company’s name.
Joe & John own ABC trucking....all equipment is titled to and registered to ABC Trucking.MOBee, drive-away2020 and ZVar Thank this. -
Personally I would look at putting it in the business name. You know, the corp you and your friend created for this venture.
Because if you didn't do that minor of a step, anything else you do is pointless.Last edited: Feb 2, 2021
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drive-away2020 Thanks this.
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I don’t known why you can’t have 2 names. I’ve had titles listed as ‘John and Joe “ not “John and/or Joe”
Maybe just one address but not signatures are required to transfer title. -
Both Me and my Wifes name are on all the titles of all the vehicles and equipment we own. Just like the house. Never had anyone say it’s not allowed. Heck When I was just getting my license at 15 my Mom’s name along with mine was on the title of my first car for a while.
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