How To Register Car Under Business Name
However there are some things to be aware of.
How to register car under business name. If the owner is a business entity the vehicle must be registered and titled in the legal business name. There may also be restrictions on financing. Therefore vehicles cannot be registered or titled to a dba. A sole proprietorship that has a business name registered with the state as a dba may be able to purchase and register a vehicle in that name. It s impossible to give a good answer to that without knowing where you your business is located as there may be significant differences in tax rules regarding company cars depending on where you are.
Works just like any other car registration. Company cars could also give you more control over things like gps tracking driving policies and more. Provided your business is properly registered as a business e g an llc you should be able to register a car bought for the company under the company s name. General rule is that deductions are for business use not private use. Not into your name.
If the car is garaged at your house or even nearby you may be liable for. Massachusetts general laws chapters 90 and 90d require that a vehicle be registered and titled in the name of the legal owner. A doing business as dba is not a legal entity. However since you are still operating as a sole. Even if you plan on buying the vehicle with cash you still need a formal business structure to put the vehicle in the name of the business.