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Updated about 3 years ago on . Most recent reply

User Stats

5
Posts
2
Votes
Jacob Swirtz
  • MN (mn)
2
Votes |
5
Posts

small business help- tax deductions and getting started

Jacob Swirtz
  • MN (mn)
Posted

Hi, my name is jacob (18) and i’m from minnesota trying to start a small shoveling business this winter with a partner. I don’t believe that we will be making a whole lot of money this winter but we both want the experience that this will bring. we are going to start from ground up and will try to profit as much as possible as honest as possible. anyone know if we are able to write off expenses like gas, shovels, salt/sand without an llc or is that something i will need to set up. Again i don’t think we’ll be making all that much money this winter so i don’t want to be stuck in a situation where i have to pay a lot of money in taxes at the end of the year. any advice helps!! working on being a first generation business owner :)

thanks biggerpockets community

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