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Old 04-24-2018, 05:04 AM   #9
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Default Re: Can I personally insure a car that is used by and owned by my LLC?

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Originally Posted by Jason 45 View Post
NY
Am I allowed to pay the insurance bill (billed to the LLC) from my personal account if my LLC owns the vehicle?
That doesn't violate any insurance law does it?
That is also going to affect the tax and accounting of the LLC when you start making contributions and commingling your funds and the LLC funds. In essence you are making a contribution to the LLC by paying that bill.
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