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262. BBS: Structuring Your Business And Maximizing Your Tax Deduction with Tommy Thornborough
the bossbabe podcast
When Should I Structure My Business?
I'm really excited to dive right in about why, how and what the next steps are that people should be doing if they need to form an entity in their business. I would say to everybody that is in that position or even if you're just getting started, show yourself as a business. The IRS wants to see the intent to treat and operate as abusiness. So keep that in mind. If you treat something like a hobby, oftentimes it costs you money like a hobby,. But if you treated something like a business, you really reap the rewards of what businesses have been able to offer.
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