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Business & farm
Thank you for clarifying that @JamesG1
so in 2022 we were not "Open For Business" based on the criterias because we had the following costs:
1- LLC Formation cost -> Organizational cost
2- Equipment cost (Laptop) -> Startup cost
3- Consultant fees (training purposes) -> Startup cost
4- Market research tool subscription fees -> Startup cost
we did not have inventory so all of the above fees are then considered "training fees" and are part of startup costs. is that correct?
March 2, 2023
5:01 PM