: A company car can be a strong recruitment and retention tool, potentially lowering employee commuting costs.
: The IRS closely monitors vehicle write-offs; thorough mileage logs are essential to prove business use versus personal use. Buying vs. Leasing buying a car for a small business
: Purchasing requires substantial capital, which may strain the cash flow of newer businesses. : A company car can be a strong
: Registering a vehicle under an LLC can help shield personal assets from lawsuits resulting from accidents. buying a car for a small business