WebSelect “create or register a business”. Create a new, domestic business and choose domestic limited liability company. Fill out the required information about your business … WebCandlewood LLC began its business on July 1, 2024; and it uses a calendar tax and an accounting year. Candlewood incurred $14,700 in legal fees for drafting the LLC's operating agreement and $7,350 in accounting fees for tax advice of an organizational nature, for a total of $22,050 of organizational costs. Candlewood also incurred $33,000 …
[Solved] Candlewood LLC started business on Septem
WebDec 3, 2024 · If you decide to operate your business as a corporation, the corporation can elect to deduct up to $5,000 of its organizational expenditures and amortize the remainder over a period of 180 months. The $5,000 deducted for organizational expenses must be reduced by the amount by which the expenses exceed $50,000. WebCandlewood LLC started business on December 1, and it adopted a calendar tax year. During the year, Candlewood incurred $10,750 in legal fees for drafting the LLC's … how do you pronounce schroerlucke
On june 30 of the current year the llc sold the land - Course Hero
WebOct 5, 2024 · answered • expert verified. Candlewood LLC started business on September 1, and it adopted a calendar tax year. During the year, Candlewood incurred … WebSep 1, 2016 · Candlewood LLC started business on September 1, 2016 and adopted a calendar year. During 2024, Candlewood incurred $6,500 in legal fees for drafting the LLC’s operating agreement and $3,000 in accounting fees for tax advice of an organizational … WebJun 1, 2024 · Candlewood LLC started business on September 1, 2024, and adopted a calendar year. During 2024, Candlewood incurred $6,500 in legal fees for drafting the LLC's operating agreement and $3,000 in accounting fees for tax advice of an organizational nature, for a total of $9,500 of organizational costs. ... how do you pronounce schreiber