Re:Ask HN: Question about forming a company for side projects.
by ahoyhere on Thursday September 16, 2010 @10:28AM
(#1697901)
I've been told that the rules are more flexible for LLC deductions than they are for sole proprieters (freelancers), especially when it comes to writing off parts of a home or equipment that is not 100% business use.
The advice I was given was: for a sole proprieter, you have to prove that a thing is used exclusively for a business; for a corporation, you have to prove only that a thing cannot be used exclusively for non-business reasons.
The advice I was given was: for a sole proprieter, you have to prove that a thing is used exclusively for a business; for a corporation, you have to prove only that a thing cannot be used exclusively for non-business reasons.