Transportation llc

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Transportation llc

I just started an llc for rideshare… I’ve been driving Uber/Lyft for sometime now and have worked up to lux black, but I want to turn the page to Uber black in California. I have a few questions if anyone has the time or experience to answer any would be really appreciated…

1) should I get quickbooks and record every single ride (even cash rides) for tax purposes?

2) how long do I have to be in business before I can buy a new suv with the llc

3) is it possible to transfer my current car loan to my llc?

4) if I have Uber and Lyft start paying me under the llc, do I need to have commercial insurance?

TIA

submitted by /u/RealKevinEllis
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