Company Rental - Posted by Greg NY

Posted by Nate(DC) on July 13, 2001 at 19:14:17:

nt

Company Rental - Posted by Greg NY

Posted by Greg NY on July 13, 2001 at 11:42:20:

Hello,

Can I rent an apartment in my companies name?

If so, what are the advantages and disadvantages?

Greg NY

Re: Sure thing. - Posted by Ed Copp (OH)

Posted by Ed Copp (OH) on July 13, 2001 at 15:15:02:

Why not.

Advantages and disadvantages are varied depending on your purpose.

If there is a business purpose like housing clients etc. while doing business with them this could result in a tax deduction.

If in my case it was for the purpose of housing a “good friend” of the opposite sex, and my wife found out, Well this could result in a very serious problem that would have no useful business purpose.