Answers
- Was this a sole proprietorship or single member LLC prior to S-Corp? it was a single member llc, now its me paying my self a real salary and filing as s-corp
- Does the business have any assets that are being or have been depreciated? maybe a few I think I took the full immediate amount though vs an over time thing.
- Does the business have any inventory? no
-Does the business claim any vehicle use, even if less than 100% business use? (Let me know if less than 100% business use)
I do claim mileage only for business purposes.
-Does the business have any outstanding debt? no
-Does the business have any outstanding unpaid liabilities (such as unpaid bills already sent to clients/customers.) ? no
Sounds like personal stuff and property will at least carry over to the premier? good
Also good to know business will be like from scratch.. any tips?
Thanks in advance.
