Small Business Services
Can A Partnership Lease An Auto For Business Purposes?
Yes. A Partnership or a Corporation can lease an auto for business purposes. Leased automobiles are subject to luxury auto limitations. Speak to your local CPA about the limitations and the "lease versus buy" strategies as they pertain to automobiles.
Note If you need professional help with "Small Business Services" or have other tax questions, we can help you find a local licensed CPA for a free, no-obligation consultation.