LLC expenses cheat sheet: 16 tax write-offs for businesses
LLC expenses cheat sheet: 16 tax write-offs for businesses
4 months ago
abc17news.com
The biggest tax myth I see? "I need an LLC for write-offs."⁣ ⁣ Wrong.⁣ ⁣ LLCs are for asset protection, not tax savings. I wrote off 11 rental properties without a single LLC because the expenses were ordinary and necessary for the business.⁣ ⁣ Here's what matters:⁣ • Your expenses must be business-related⁣ • Documentation is everything⁣ • Entity structure ≠ tax strategy⁣ ⁣ California LLCs cost $800/year plus registered agent fees. That's real money for protection you may not need yet.⁣ ⁣ The "i
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