Deductions
“I paid an expensive corporate lawyer to help set up my LLC, are these startup and organizational costs fully deductible in my first year?”
Startup and organizational costs for an LLC often depend on what the lawyer actually did, when the entity became active, and whether the expense was tied to creating the business or to ongoing legal work. In many cases, formation fees, document preparation, and similar setup costs are treated differently from routine operating expenses, and the timing of the business launch can affect how the costs are handled in the first year. Recordkeeping matters too, since invoices and engagement details help separate startup items from other legal services. A CPA who reads your specifics can usually tell you, in plain English, where this lands.
In your 30-minute session, the KGOB advisor handling it will:
- Read your exact situation and tell you, in plain English, what’s actually going on.
- Lay out your options and the trade-offs — no jargon, no judgment.
- Give you a clear next step you can act on, whether that’s with us or on your own.
“I incurred massive personal credit card debt to fund my struggling business, is the crippling interest I pay on those cards tax deductible?”
“Can I deduct my new home office using the actual expense method without immediately triggering a red flag audit from the IRS?”
“I bought a heavy luxury SUV primarily for my real estate business, how does the Section 179 vehicle deduction actually work for passenger vehicles?”
“I use my personal cell phone extensively for my freelance work, what exact percentage of my monthly phone bill is safe to write off?”
This page is a prompt to start a conversation, not tax or legal advice, and states no tax-law specifics as fact. A consult session does not by itself create an ongoing engagement. We do not promise specific outcomes or savings. Kohari Gonzalez Oneyear & Brown PLLC — Charlotte, NC.
Back to the full library