I'm considering start a business where i lease a car that i purchase to whoever has the need. It would be thru using the Turo Application. It will not be my car or the family car. Stricktly a car to be available for leasing all the time.
Also i am an Uber driver which is my own business too. So here what i'm thinking.
I Uber and save some money for a down payment on a good car, with record of good ROI.
I assume i will need to have a LLC and, i think what that looks like is, i have an LLC for the Uber business with a little capital saved up and record of earning a profit to start the Turo car rental.
Does this make since? I don't want to risk any of my personal credit or cash just want to have the Uber/Turo combo business disconnected from all my personal stuff.
I would appreciate any insights, warnings, you may have.
Also i am an Uber driver which is my own business too. So here what i'm thinking.
I Uber and save some money for a down payment on a good car, with record of good ROI.
I assume i will need to have a LLC and, i think what that looks like is, i have an LLC for the Uber business with a little capital saved up and record of earning a profit to start the Turo car rental.
Does this make since? I don't want to risk any of my personal credit or cash just want to have the Uber/Turo combo business disconnected from all my personal stuff.
I would appreciate any insights, warnings, you may have.