Hello experts,
I'm currently in the beginning stages of starting a LLC with a partner. The LLC is registered in Massachusetts for selling a physical product online. We're currently in the process of setting up a bank account and still just working on putting everything together we need to start selling. I know we would have to file taxes this year if we want to receive deductions on our start up costs, but they’re pretty low right now. With the cost of filing business taxes, is there a certain $ of start up costs to hit before it would even be beneficial to file? Cost of filing > benefits to filing. Can we wait to file next year?
