Buying land

The first rule of business purchases is that it must serve your business. If you do not work in your home or operate out of it in any way, then you shouldn’t try to purchase your home through your business.

saying that, you’ll have to have an office in your home and that may work, but yes, I’d talk with accountant.

 

If you’re building your house there as well I wouldn’t put it in the business name. If for some reason a lawsuit or whatever is brought against your business you could stand to loose everything versus just the business assets. Maybe purchase it with for the business but then have your business “sell” a portion of it to you as an individual for you house....

 

Wherever u do make sure you are allowed to park the truck,some townships here in pa have stupid laws even if the land is zoned commercial or industrial

 

The problem in Pennsylvania, and I suppose other places too, is that there is no one above the township to tell them what's right or wrong. The township makes its own rules they police their own rules everything is completely at their discretion and nothing is fair and everything is arbitrary. Each Township is like its own Sovereign Nation and they do what they feel like.

In my Township there is one property that Separates Me from Boss Hogg, because where I live is just like the Dukes of Hazzard. He has everyone in the entire Township paid off and he runs the whole place.

His industrial business was allowed to join in one piece with the residential commercial property that was next door to him he bought. It is still residential commercial property, which in my Township nothing Industrial is allowed on there, and the only business permitted is whatever they tell you that you are allowed to do on that property and nothing else.

So on that property he runs his industrial business, while that is still residential commercial property, he has at least two other businesses that are on that property, and they gave him a use and occupancy permit to rent the house out so that he can make money hand over fist.

When I approached the township about it they told me that if I had anything to say about it I would find myself in trouble.

We have the exact same identical zoning.

Oh, and get this. The ground itself was illegally developed. You absolutely are not allowed to develop the property the way that they gave him their blessing to do that.

Your Township may or may not be more honest than mine, but they all are a bunch of lying cheating turds.

 

Does you business have the cash to but it. I would not think to many people would sell much to a business without the money to pay for it. Because if the business fails for any reason they don't get paid. When I bought a truck. I had to personally sign for the truck loan. No bank would sell to my S Corp because it did not own anything. I'm just saying it's not easy to get a business loan unless your business is doing really good or the business has cash.