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Question about business

Opening a business and wondering what types of expenses I can write off?
I am opening an online business for website design. (set up as a LLC, I'm the sole owner) Should I start keeping receipts of all business related expenses? Or would my business qualify as a hobby if I don't make a certain amount of money in the year that I'm filing.

What types of things can I write off onto my business? (dinners, gasoline, etc.) Do I need a seperate business credit card/bank account for the expenses?

Do I have to accept payments towards the business's services through a corporate account, or can they make the check/payment directly to me?

3 Tips for Selling a Business to Pump Up Your Price

Want to increase the sales price of your business by two or three times? Who wouldn’t? Do you realize that of all the businesses that are put on the market, seventy percent of them never sell? Follow these 3 steps and no only will you sell your business but you will increase your sales price at least two or three times.

1. Put in Systems. When people call your business, which answers the phone? Do they say the same thing eac Read more… »

 
 

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