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neraiders
January 22, 2020
Question

Hello. I'm starting a business and had expenses last in 2019 to start the business. Had my permit, not license until this year. Can I get credit for expenses?

  • January 22, 2020
  • 1 reply
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1 reply

AmyC
AmyC
Employee
January 22, 2020

Everything you spend before you open - usually - is start up expenses. Start up expenses are not claimed until the business is open.  If you never open, that is another story. Please see the links below for a full answer.

 

Here is an article that well describes everything related to start up costs.

An article for LLC start ups vs organizational costs.

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