I'm not clear on your statement.
We formed a new company in 2019 and acquired another business.
So did you start a business in 2019, and then that business purchased another business also in 2019? Or are you saying you started a business that you purchased, which was already established prior to your purchasing it?
It also matters what kind of business you started, and if the former, what kind a business you purchased. Sole proprietorship? Single member LLC? (Since you state *WE* purchased/started a business, I doubt its either of those.) Or did you start/purchase a partnership? S-Corp? C-Corp? Something else?
