Wow, this is a very detailed video. Most TH-camrs don’t provide the steps to do something. They only hype you up, or make you mad with a really long video that turns out to be nothing. This is not only detailed, but he is excited and always smiling. That in and of itself, is motivation!
hANDS DOWN! This is, if not the best video that explain thoroughly into a topic/subject/point. Shout out to Lyfe Accounting for their influencers and consultants and others. You guys are awesome!
EXCELLENT!! It's the best video I have seen yet, on leasing a vehicle in your business name! Very well articulated without being annoying 🙄. Thank you😊
Hello I’m hispanic and your explanation is perfect Thank you so much for your patience and comprehension to understand this is very important for business
Would you do a video on how to create the lease to transfer your vehicle from your personal name to your business name? Is there a template we should use?
Great video!!! Do you think you'd be able to do a video walking us through the last part? A car that was personally leased and then a new lease signed between yourself and your business.
Corporate lease for apartments next ? Business rents with its ein and the owner inhabits, of Airbnb hosts sublet is more popular but I was looking for the former
I want to confirm your last point. I’m able to get into a binding lease agreement with myself and Business correct? And this is good enough for the IRS….
Hey! The IRS does not enforce contracts. They want to know that you accurately reported all income and that deductions you claim are both ordinary and necessary for your business. You and your accountant/CPA will need to make that determination. Hope that helps.
How to lease your personal car to your business . Mind you the car is bought and registered in the name of the director since the company did not qualify for finance but now you use it for your business
Ight so how about this. A 1yr old business, consistant income in a checkings acct with $10k. DnB score 70, Business Experian is 50, business Equifax 400… is it possible to get a car in ya business name WITH them checking your score???
Good stuff. Thank you. Is there a network where i can find a workshop or cpa for beginners. Starting a photo booth company with zero, trying to do things right.
So if I get the vehicle lease in my business name, I can't write off 100% of the lease payments? Even though it's the entity itself that is has the lease and not me personally?
No car is free no matter what u do. Those looking for a write off of 100% never drive enough miles. Remember a write off is lowering your taxable income. Also it depends on your business. Would it make sense for an insurance agent to lease a car through an llc? Or a delivery driver or mobile car wash to lease a car? The insurance agent won’t get anywhere near an 100 percent write off. You can’t lie about the amount of miles driven just to get a 100 percent write off. They will find out it’s all updated through the cars manufacturer computer
Thanks for the video. I’m planning on starting my chauffeuring gig and was planning on getting rid of my personal car… but if I’m using the work car for both work and personal (mostly work though) how would I factor in the maintenance done just for the work part?
Thanks for watching! If using the actual expense method, all expenses mentioned based on the business use % (including the lease payment). Lease must be a standard lease and not lease-to-own to use the actual method. Hopefully, that helps.
![How To Buy A Car In Your Business Name [STEP-BY-STEP]](http://i.ytimg.com/vi/gJn2king8P8/mqdefault.jpg)
Wow, this is a very detailed video. Most TH-camrs don’t provide the steps to do something. They only hype you up, or make you mad with a really long video that turns out to be nothing. This is not only detailed, but he is excited and always smiling. That in and of itself, is motivation!
hANDS DOWN! This is, if not the best video that explain thoroughly into a topic/subject/point. Shout out to Lyfe Accounting for their influencers and consultants and others. You guys are awesome!
How you making out in the field?
EXCELLENT!! It's the best video I have seen yet, on leasing a vehicle in your business name! Very well articulated without being annoying 🙄. Thank you😊
Hello I’m hispanic and your explanation is perfect
Thank you so much for your patience and comprehension to understand this is very important for business
I like how slow you talk to us, so we can understand))
very detail, great explanation, smooth tone!!!
Speed to 1.25
Would you do a video on how to create the lease to transfer your vehicle from your personal name to your business name? Is there a template we should use?
I would like to see this too. I have 4 clients that have asked if this is possible.
Have you figured this out? Thank you!
Following
Great video!!! Do you think you'd be able to do a video walking us through the last part? A car that was personally leased and then a new lease signed between yourself and your business.
Today I had learn so much with you guys ! Thanks for your knowledge 👍🏼
Corporate lease for apartments next ? Business rents with its ein and the owner inhabits, of Airbnb hosts sublet is more popular but I was looking for the former
Thank you for these nuggets
I want to confirm your last point. I’m able to get into a binding lease agreement with myself and Business correct? And this is good enough for the IRS….
Hey! The IRS does not enforce contracts. They want to know that you accurately reported all income and that deductions you claim are both ordinary and necessary for your business. You and your accountant/CPA will need to make that determination. Hope that helps.
I'm gonna try this
Best video out there, thank you.
So can you write off the lease and the fuel? You did not mention gas/diesel
You are awesome!! Very detailed and informative. Are you a tax accountant ?
well done guys thank you for the info!
your a good teacher
You have a new subscriber! Thank you for the video and the step by step explanation.
How you do it is buy the car.i. Your name and register to the business and pay the notes for 6 mos then do a business transfer
Excellent
Are there certain car brands that are better than others for leasing through business name / entity ?
Does this apply to s-corp too and what about putting a house lease or ownership in your business name?
Lobo Tech Co. Performance is Very Happy
can I lease a truck in the USA ? and how much money can I get in a year ?
How to lease your personal car to your business . Mind you the car is bought and registered in the name of the director since the company did not qualify for finance but now you use it for your business
How do you determine (and prove, if necessary) the % used for business?
Great question. You need to track your mileage for business compared to the mileage used for personal. Can use phone apps to help.
Excellent video!✊🏽
Ight so how about this. A 1yr old business, consistant income in a checkings acct with $10k. DnB score 70, Business Experian is 50, business Equifax 400… is it possible to get a car in ya business name WITH them checking your score???
SO DO THE BUSINESS OWNER HAVE TO HAVE GOOD CREDIT TO DO A PG?
Um. Yes
Yes and no if you have decent credit,but you have business revenue it balances it out
This video goated 🐐
Can you do a video on how to transfer personal car to business name?
Does this work for brand new llc?
Good stuff. Thank you. Is there a network where i can find a workshop or cpa for beginners. Starting a photo booth company with zero, trying to do things right.
Thanks for the information
Does this all apply to buying vs leasing? If not would love a video about buying for a business vs leasing.
Hey, yes. Nearly everything applies to both except for the specific part regarding going out and getting the lease.
So if I get the vehicle lease in my business name, I can't write off 100% of the lease payments? Even though it's the entity itself that is has the lease and not me personally?
No car is free no matter what u do. Those looking for a write off of 100% never drive enough miles. Remember a write off is lowering your taxable income. Also it depends on your business. Would it make sense for an insurance agent to lease a car through an llc? Or a delivery driver or mobile car wash to lease a car? The insurance agent won’t get anywhere near an 100 percent write off. You can’t lie about the amount of miles driven just to get a 100 percent write off. They will find out it’s all updated through the cars manufacturer computer
Thanks for the video. I’m planning on starting my chauffeuring gig and was planning on getting rid of my personal car… but if I’m using the work car for both work and personal (mostly work though) how would I factor in the maintenance done just for the work part?
Great video! What expenses associated with the lease can be written off?
Thanks for watching! If using the actual expense method, all expenses mentioned based on the business use % (including the lease payment).
Lease must be a standard lease and not lease-to-own to use the actual method. Hopefully, that helps.
@@LYFEAccounting and what if you own the vehicle all ready
Like did y’all watch the video!?
is my personal credit score important if I provide a pg?
tHATS WHAT I WANT TO KNOW , BUT tHATS WHAT I ALWAYS RUN INTO?
Thats what a pg is. You are using your personal credit to guarantee the loan. What else would a pg rely on? One’s good word? 😂good lord 🤦🏼♀️
@@angelarohr7161 … it ain’t even take all that 😒
@@GlobalPulse_OC it did…especially since he’s addicted to big white thighs 😂
Yall need to hit like!!!! 11k people watching and only 850 hit like!?!? 🤷🏾♂️ thieves....😅🤣
That's still a personal.guarantee
👏🏽👏🏽👏🏽👏🏽👏🏽
Talk faster, your slowness made me up the video speed to 1.5
Talk to slow
Thank You for the information