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179 for new LLC
My wife and I are considering creating an llc for a design company that will require extensive travel out of our RI state. We have a home office, and would be traveling up to 100 miles in every direction to businesses to try to obtain clients. We would create an llc and would hope to buy a 6k lbs. Vehicle to 179 as a 100% deduction as this would be exclusively used for business only. We however have no idea how successful we will be in this pursuit! I imagine we will easily surpass the $600 for a 1099 but we are unsure of section S or not as we are new to all this. Any other Info we need before taking the leap? Thanks!
‎July 28, 2023
6:57 PM