Can a business rent a vehicle and or equipment from another s corp owned by same owners?

Can a business rent a vehicle and or equipment from another s corp owned by same owners?

posted

Connect with an expert

1 Reply

Can a business rent a vehicle and or equipment from another s corp owned by same owners?

Yes; the S corporation is a separate and distinct entity for that purpose.

The owners of the vehicle (or any other property) could also rent it directly to the corporation.

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post