Any costs that you incurred to set up your corporation are converted to stock or paid-in capital. The total represents your basis in the company.
Record this on the Balance Sheet as Shareholders Equity, with an equal entry under Business Expenses. You may expense up to $5,000 in start-up expenses in the year your business begins. Any amount over $5,000 becomes an intangible asset that is amortized over 180 months.
See this link for more information: IRS Pub 535 Business Start-Up and Organizational Costs
On the other hand, if your corporation invested in a startup company, you would report this on the Balance Sheet as a long-term asset (not for depreciation).
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