Post a new topic
    3 Replies Latest reply on Jan 13, 2010 1:00 PM by phanio

    Home Business in startup phase - no income yet - taxes

    petsitters Newbie
      Hi, Thank you in advance for your help!

      We started a pet sitting business (Sept 2009) and have not served any customers yet as we are still working on obtaining business insurance, etc. We organized as an LLC. With only money going out of our personal accounts to pay for necessary business expenses, we have no income and our business is in the red ( < $1000). Do we file taxes for 2009? Can we recoup the money spent in startup?