Book a Professional Tax Strategy Consultation ▶ https://start.taxalchemy.com/consultation?utm_source=youtube&utm_medium=description&utm_campaign=kd263_vehicle_in_llc_2025
Cost Segregation Tax Savings Calculator ▶ https://taxalchemy.com/cost-segregation-calculator?utm_source=youtube&utm_medium=description&utm_campaign=kd263_vehicle_in_llc_2025
Download the Short-Term Rental Rule E-Book! ▶ https://ebook.taxalchemy.com/?utm_source=youtube&utm_medium=description&utm_campaign=kd263_vehicle_in_llc_2025
Watch this FREE Webinar on How to Cut Your Tax Bill in Half as a Real Estate Investor ▶ https://join.taxalchemy.com/registration?utm_source=youtube&utm_medium=description&utm_campaign=kd263_vehicle_in_llc_2025
We earn commissions when you shop through the links below.
Get Help Setting up Your LLC, Now ▶ https://shareasale.com/r.cfm?b=617326&u=2911896&m=53954&urllink=&afftrack=
Placing your vehicle under your LLC can offer numerous advantages, but many people aren’t sure how to go about it. Whether you already own a vehicle in your personal name or you’re looking to buy a new one and title it directly under your business, it’s possible to make the switch.
In this video, tax expert Karlton Dennis guides you through the steps of transferring the title of a vehicle you already own to your LLC, as well as purchasing a new vehicle through your business. He also covers all the benefits of having your vehicle under your LLC instead of your personal name.
Given the fact that millions of LLC owners either have a vehicle in their personal name or need one for business purposes, this video is highly relevant for business owners. If you’re looking to take advantage of the benefits of putting a vehicle under your LLC, then this video can be a valuable resource for you.
CHAPTERS:
0:00 Intro
0:20 Personal Vehicles vs Buying a Vehicle Through Your LLC
0:36 Personal Vehicles
0:49 Step 1: Gather the Required Documents
1:10 Step 2: Visit Your Local Department of Motor Vehicles (DMV)
1:43 Step 3: Pay the Fees
1:58 Step 4: Wait for the New Title to Arrive
2:45 Purchasing a Vehicle Through Your LLC
2:53 Step 1: Open a Business Bank Account
3:14 Step 2: Research and Visit Dealerships
3:35 Step 3: Secure Financing
4:14 Step 4: Finalize the Purchase and Register the Vehicle
4:53 Step 5: Pay Applicable Fees
5:06 Step 6: Receive Your Title
5:19 Insurance
5:52 Why Consider Placing Your Vehicle Under Your LLC?
6:03 #1: Enhanced Liability Protection
6:39 #2: Increased Privacy
7:04 #3: Potential Tax Deductions
7:52 Subscriber Question!
8:34 Outro
*Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.
#vehicledeductions #carwriteoff #vehicleinllc
