How to File Expenses Before an LLC Is Formed
An LLC is a type of business entity -- a limited liability company. However, it is important to note the Internal Revenue Code does not recognize LLCs as a business entity, so it is a disregarded entity. As you are starting the business, the most likely scenario is you will have a sole proprietorship. This will also be how you file your taxes, so you need to put the business on your Schedule C. Starting costs are treated differently then normal expenses.
Add together all of your start-up costs before you start your business. For example, assume you have $20,000 of start-up costs.
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Release Time: 2019-12-02 08:43:22