|
03-01-2011, 09:31 AM
|
|
|
|
3,087 posts, read 6,395,067 times
Reputation: 1596
|
|
|
usually to start an LLC it cost around $400
anyone know if this counts?
|
|
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...
|
|
03-01-2011, 03:29 PM
|
|
|
|
3,087 posts, read 6,395,067 times
Reputation: 1596
|
|
Quote:
Originally Posted by Chromekitty
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! |
|
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! |
|
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...!!
|
|
03-02-2011, 03:39 PM
|
|
|
|
1,475 posts, read 2,358,261 times
Reputation: 659
|
|
Quote:
Originally Posted by Donn2390
.... 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. |
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.
|
|
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.
