Ask Experts Questions for FREE Help !
Ask
    Phillip Vinall's Avatar
    Phillip Vinall Posts: 1, Reputation: 1
    New Member
     
    #1

    Aug 13, 2007, 01:06 PM
    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.
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
    Ultra Member
     
    #2

    Aug 13, 2007, 02:00 PM
    Yes.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Selling a car [ 1 Answers ]

I have someone interested in buying my used car. I need to know how to handle the money transaction and car title. Do we need to sign the car title in front of a witness (like a currency exchange) ? Don't I need a copy to show proof that I sold the car? What about the money? Do I make some kind...

Selling a car [ 2 Answers ]

How do I sell my car that I still owe money. Just 800.00 but want sell to get a new auto

Selling car to spouce [ 2 Answers ]

I would like to sell my truck to my husband. We live in North Carolina. Is there any laws against this?

Selling a newly acquired business [ 1 Answers ]

I purchased a business aprox 6 months ago and it was not a good decision. There is no way to boost sales and the equipment is old and falling apart. This was purchased as per my father's encouragement and he signed as a guarantor. Now I want to sell and get out of this mess. I financed through...

A business selling used items. [ 5 Answers ]

I live in Jacksonville, Florida and have raised four children, by myself, with the help of purchasing items at thrift and consignment stores. Almost every article of clothing, furniture etc. in my home is second hand. At the present time I am very much interested in opening a store of this nature...


View more questions Search