Hi,
I have searched the forum without any luck.
I am in the process of setting up a company as a side project to my current job. As there are costs in doing so, I want to be able to make these costs deductible from Day 1. Things like accountant fees, lawyers, etc etc.
As I'd prefer to not use any of my own post-tax money to do so, can I get a LOC and pay for everything for this new company?
Cheers
I have searched the forum without any luck.
I am in the process of setting up a company as a side project to my current job. As there are costs in doing so, I want to be able to make these costs deductible from Day 1. Things like accountant fees, lawyers, etc etc.
As I'd prefer to not use any of my own post-tax money to do so, can I get a LOC and pay for everything for this new company?
Cheers
Make company startup costs deductible with LOC?
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