Can I lease a vehicle in my business name?

Many of our clients use their cars for business purposes, and lease their cars in a business name; which need not be a legal corporate entity. A Ferrari, Lamborghini or Rolls Royce, for example, can certainly impress prospects and customers. Leasing in a business name allows you to use pre-tax dollars to make monthly payments. Consult with your accountant or financial advisor regarding this type of tax-related decision.