In regards to a sole proprietor who starts up a new business (a service business that requires licensing) in March of 2006 are all expenditures incurred before potential clients come aboard are considered start-up costs that must be amortized (unless the election is made to currently deduct up to $5,000 in start-up costs) or are only items such as business regisration costs and other one-time only, beginning of the business expenditures considered start-up costs?
Thank you.
Thank you.
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