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Expenses Incurred Prior to LLC Formation
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Hello,
My business partner and I are in the process of forming an LLC and it probably won`t be finished until after the end of 2007. What`s the easiest/best way to account for expenses incurred prior to LLC formation?
Thanks for your help.
My business partner and I are in the process of forming an LLC and it probably won`t be finished until after the end of 2007. What`s the easiest/best way to account for expenses incurred prior to LLC formation?
Thanks for your help.
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Additionally, so far we`ve paid initial server costs/domains/etc using our own personal funds. Since the LLC won`t be completed until after 2007 how do we go about writing off the expenses? Is it done on our own separate personal tax returns or?
PiperTax2007-12-15 17:37:42