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Can I buy a car in my individual name where the payment is done by LLP

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Hi. Can I buy a car in my individual name where the payment is done by LLP? We are four partners in our LLP. Can I get the car registration in my name or will it be on all four partners? We would like to claim all the expenses, maintenance, and depreciation through LLP. Do we face any issues while selling it after some years?

Replies (2)

Thanks for your prompt response. If we purchase it on our LLP then the car is under all the 4 partners' name or LLP name. In future if any partner exit/resign from LLP or any new partner joined in LLP, will there be any complications in this? 

Till the partner is working with the firm it's fine..


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