Selling a car to my business

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» Selling a car to my business

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Aug 13, 2007, 12:06 PM

Phillip Vinall

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Join Date: Aug 2007

Posts: 1

Selling a car to my business

I have a business that is incorporated in the state of Pennsylvania. I presently own two cars. I was thinking of having my company buy a new car. However, would it be possible for me to sell to my company one of my cars at book value.

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Aug 13, 2007, 01:00 PM	#2

CaptainForest Finance & Accounting Expert Join Date: Nov 2005 Location: Canada Posts: 3,658	Yes.

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