U.S. CitiesCity-Data Forum Index
Covid-19 Information Page
Go Back   City-Data Forum > General Forums > Economics
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 03-01-2011, 09:31 AM
 
3,087 posts, read 6,395,067 times
Reputation: 1596

Advertisements

usually to start an LLC it cost around $400

anyone know if this counts?
Rate this post positively Reply With Quote Quick reply to this message

 
Old 03-01-2011, 11:36 AM
 
Location: Near the water
8,229 posts, read 12,181,218 times
Reputation: 3892
No, it is not considered a business expense, it is included in the start-up costs.
Just went through this with our CPA...
Rate this post positively Reply With Quote Quick reply to this message
 
Old 03-01-2011, 03:29 PM
 
3,087 posts, read 6,395,067 times
Reputation: 1596
Quote:
Originally Posted by Chromekitty View Post
No, it is not considered a business expense, it is included in the start-up costs.
Just went through this with our CPA...

Ok, thanks!
Rate this post positively Reply With Quote Quick reply to this message
 
Old 03-02-2011, 05:17 AM
 
3,853 posts, read 12,056,822 times
Reputation: 2522
yea you can write off up to 5k. Pretty nice deduction. Make sure you take full advantage of it as you can only take it in the first year of incorporation..

Business Startup Costs: Write Off!
Rate this post positively Reply With Quote Quick reply to this message
 
Old 03-02-2011, 10:08 AM
 
Location: Apple Valley Calif
7,474 posts, read 21,239,090 times
Reputation: 5641
This is why you don't put too much faith in any answer you get on CD. Here are two people who absolutely know the correct answer to the question, and the answers are 180 degrees apart, and in direct contrast to each other.... Ask a professional...!!
Rate this post positively Reply With Quote Quick reply to this message
 
Old 03-02-2011, 03:39 PM
 
1,475 posts, read 2,358,261 times
Reputation: 659
Quote:
Originally Posted by Donn2390 View Post
.... Ask a professional...!!
Exactly! People should be hiring accountants and lawyers to help them with starting a business.

I've started more than one business and it is not expensive to hire accountants and lawyers to help with a business start up. Many of them will offer cut rates because they are wanting you to succeed, so that you come back with more business for them.

Besides if you are starting a business your main focus should be core business leadership. The most important focus for a business owner is to assign work to the most qualified individual. If you aren't an accountant and you aren't a lawyer then you aren't the most qualified. It's your job as owner/leader to find someone who is qualified.
Rate this post positively Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics

All times are GMT -6.

© 2005-2021, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top