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Leasing Your Personal Auto to Your Business

A son and daughter take over the business of their retiring father, forming an LLC with each as the members. The daughter’s husband, a CPA, recommends that she lease her personal auto to the LLC, giving her three options of what to do and advising that her insurance agents can tell her what it would cost and provide a lease agreement. The agent has promised to stop giving tax advice if the CPA promises to stop giving insurance advice.

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​127 South Peyton Street
Alexandria VA 22314
​phone: 800.221.7917
fax: 703.683.7556
email: info@iiaba.net

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