Question re start up and taxes

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Question re start up and taxes

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areaK

posts: 1

Jan 12, 2007 1:03 AM ET Quote Report Abuse

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I am trying to find out if money placed into a commercial acct. not allocated as start-up costs is taxed right off the bat? Any feedback would be so appreciated. Thanks =)
K.

MNGrillGuy

posts: 236

Jan 12, 2007 10:24 AM ET Quote Report Abuse

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Taxes arise from business activity. Moving money from one place to another does not lead to a tax event.

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Travis Tschepen
Hibachi Bros. LLC

--My goal in life is to be as good of a person my dog already thinks I am.--

Raisecapital02

posts: 301

Jan 12, 2007 2:21 PM ET Quote Report Abuse

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That was a great question. I did not think of it like that. So, if you are moving money, and not accepting money from an outside source you are fine.

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