In 2023 we formed a LLC and bought a franchise. I understand the franchise fee is an intangible asset which has to be amortized over 15 years. ( unfor and hope i'm still alive at that time ) - goes under "business asset"?
My question is around the tools purchased, advertising items, the monthly franchise fee, the monthly franchise marketing fee and such.
Do those have to go under the business asset or under startup cost or business expense or ???
