Many companies have personal property. Whether this personal property is a computer, cash registered, or heavy equipment, you will need to determine how to hold the property and what the legal issues surrounding this holding might be.

Determine what property is personal property.

Create a list of personal property you will need for your new business and Create a pros and cons chart for leasing or owning the property.

Now determine whether you should own or lease this property.

Step 1: Create a pros and cons chart for leasing or owning this property. Step 2: Create a list of personal property you will need for your new business and Create a pros and cons chart for leasing or owning the property.