SeanW13
New Member

I started my own business (C-Corp) with no revenue and no FTEs, but $20K in costs. What do I need to do for taxes?

Hello!

 

I started my own business (Incorporated in Delaware) late in 2023. I have ~$20K of costs in 2023 (paid to 1099 independent contractors), no FTEs, and no revenue. I need to both (1) File business taxes, and (2) file personal taxes (all income in Ohio). What should I do to file my business taxes? And how does that impact my personal taxes? 

 

Best,

 

Sean