Archive for February 4th, 2010

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Impact of tax on fees to start a business?

Hello, I intend to start a business, and instead of starting from scratch I intend passing through a company that provides training, software licensing, including assistance with configuring the integration and access to its owners of other network affiliated to them. The company charges a flat fee for all these services also plan to incorporate (S Corporations) as part of the launch business. My question is: If I pay for the service of my personal funds, is the fixed fee tax deductible? Or it would be better to finance the corporation then pay the fees of corporate funds. I would reduce my taxable income for 2007 if possible. Thanks

Borrowing money for the corporation and the document with a simple note. You can find one online by searching for "free pay". Then in the minutes of a corporate board meeting authorizing the loan. One type of pain, but that's what we need to do to maintain the protection of a corporation that you offer. These costs are capitalized and amortized in future periods. Some might be able to be expensed immediately. Since not all the details I also suggest you have a brief discussion with a CPA.

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