I have a car I just brought unrelated to my very first LLC I have recently created. I haven't even registered the car. However I am thinking, obtaining an asset under my LLC is a great kick start. Although it's fairly new and I will not be able to provide bank statements nor a source of income. Would it be possible to do so? Maybe I should wait until I am more established, register the car in my personal name then gift myself ?
I don't see the need for this, but am curious to see what other people say.
Your not renting your car like renting a house to a tenant. This would be the primary reason to have something in an LLC to protect from a suit going after your other assets.
O advantage, taxes or otherwise.