I'm a little confused as to what the OP is trying to do here. I feel like the default question answers itself. If you're buying something for company use then it gets registered to the company. >.<
Going for LLC for Asset Protection so no lawsuits jump the proverbial wall and try to take your home/car or are you trying to protect the truck? In either case if you have adequate (don't cheap out) insurance then as long as no one dies you will probably be alright whether you're an LLC or not.
Of course, I'm just a fat guy on the internet. Someone else might have more reliable insight.
How do you set up your ins. and title the truck when going LLC?
Discussion in 'Ask An Owner Operator' started by Estrella, Dec 25, 2018.
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Thank you all for your responses. Much appreciated!
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Besides, is it not Fedex responsibility, as a carrier, to check the driver qualifications? Correct me, if I am wrong bu it seems to me that op is not much different than Pensky here, he provides the equipment and finds a preliminary candidate to drive the truck, all the rest of it is on FedEx. The op is liable for the overall condition and safety of the truck. -
I own all the trucks, and lease them to the corporation. I don't know why, it's just how my accountant said do it.
The title is in my name, but the corporation carries the insurance.
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