I have an S-corporation and I will be buying a car under it today. There are somethings I am unsure about it which I would like to confirm.
Do I pay for all the costs of the car out of my business account? (car price + taxes + fees)
As for insuring the car, do I get regular regular personal insurance and then add the business as a second driver? Do I pay from personal account or business for the insurance premium?
Do I pay for the car repairs, or other incidentals like floor mats, out of business account or personal?
I'm based in Pennsylvania, USA