Maryland  |  Business Law

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5/22/06, 2:58 pm

Legal Question


Business partners co-owning vehicles.

A tax client of mine purchased a used tractor trailer and tagged and titled in a business partners name. My client put $10,000. down and financed for 42 months. He is paying all the expenses, truck payments, insurances and tags. What type of contract or agreement needs to be drawn up? How will the taxes work?


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