Business Status: Pre-Venture, Startup
In this session we will cover how business income can be taxed and treated based on the variety of ways a new business is set up with the state and the IRS. You will learn about tax responsibilities of various legal entities, startup cost definition, and how general and startup expenses are deductible. Additionally, we will show you the difference in W2 (employees) and 1099 (independent contractors) from a strategic tax view.
Bring your questions for Q&A.
Point of Contact: Business Development Center (630) 942-2600