
I sold private car to my own Ltd company where I am only director?
In Limited company I am the only one user of this car so it will be registered on my name (and name of company). What about insurance?
The insurance is valid (my private insurance) for next two month. If I sold this car (transfered in fact) to my Ltd company should I take additional insurance?
This will now be classified as a business vehicle and should be insured as such. If you are using your own personal car for business it should also be registered as such to use it for business without declaration to the insurance company could invalidate your insurance
MORINAGA & CO, LTD.
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