How to transfer my trucks IRP to the company I own?

Oscar the KW · Mar 28, 2016

I wouldn't think that you would have to pay for the plate again, call your state IRP office and ask them.

lane379 · Mar 29, 2016

ThreeM said: ↑

Oh, in this case I'll just wait till next year and transfer it right before IRP pay time
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Like I said I'm running the same tag I was when I was leased on. As for the llc stuff yea I guess the driver can get suef, but if it stays within policy limits itl never cost you any way.

lane379 · Mar 29, 2016

cnsper said: ↑

Once again, YOU have no protection if you are driving the truck. How many of these accidents that you hear about do you see that both the company and the driver are sued? That corporation or LLC does absolutely nothing to protect the driver.

And the LLC is not limited liability coverage, it is Limited Liability Corporation and you are wasting your money if you are driving the truck.

A corporation or LLC protects the assets of the owners with the exception of something happening because of their decision or orders. If the owner decided to dump some chemicals in a creek they would go after the company and the owner because it was his decision to do so, even if he ordered an employee to do it.

You guys need to read a whole lot more and get a better understanding of how all this works. Pickup a book called Own Your Own Corporation. It is part of the Rich Dad series of books and it explains it all really well.

The lack of knowledge and understanding is scary. You do what you want to but I sleep better knowing.
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Yea they can sue the driver to, but as long as it stays within the authority's insurance driver won't pay. I see where your comin from now.

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