WITAXLADY Posted March 2, 2014 Report Posted March 2, 2014 Hi, formed a S corp for business of farming,,, and a LLC for rental of equipment but wants the field trucks under the S corp farm so doesn't need to title them - any objections to this? or better under LLC, Sch C? Quote
kcjenkins Posted March 2, 2014 Report Posted March 2, 2014 If the trucks belong to the S Corp, then that is where they would be depreciated. I'm a bit confused as to what the question is? Quote
grandmabee Posted March 2, 2014 Report Posted March 2, 2014 If they are corp. assets then trucks should be titled in the corp. name. Quote
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