Hi, I plan on starting a business, and instead of starting from scratch I intend on going through a company which provides the training, software licencing, setup assistance including incorporation, and access to their network of other owners affiliated with them. The company charges a flat fee for all of these services I also plan to incorporate (S Corporations) as part of the business startup.
My question is: If I pay for the service from my personal funds, is the flat fee a tax deductible fee? Or would it be best to fund the corporation then pay the fees from the corporate funds. I'd like to reduce my taxable income for 2007 if possible. Thanks
Orignal From: Tax impact on Fees to Start a Business?
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