LLC FEES DEDUCTION

Can I deduct the LLC filing fees as a business startup expense?

Comments(3)

  • DaveT23rd January, 2004

    No. Business startup costs are amortized over 5 years. Prorate your startup costs over 60 months, and take an expense every month for that amount.

  • myfrogger23rd January, 2004

    There is case law somewhere that allows you to deduct your LLC startup fees if certain things exist. I deduct my startup fees. We are only talking about less than $100 though.

  • DaveT23rd January, 2004

    For more information on business startup costs, check IRS Publication 535, chapter 9.

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