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Answered: EXercise 14-5 (Algorithmic) (LO. 3)… bartleby
WebSep 1, 2016 · Candlewood LLC started business on September 1, 2016 and adopted a calendar year. During 2016, Candlewood incurred $6,500 in legal fees for drafting the LLC’s operating agreement and $3,000 in accounting fees for tax advice of an organizational nature, for a total of $9,500 of organizational costs. ... WebCandlewood LLC started business on December 1, and it adopted a calendar tax year. During the year, Candlewood incurred $10,750 in legal fees for drafting the LLC's operating agreement and $5,375 in accounting fees for tax advice of an organizational nature, for a total of $16,125 of organizational costs. ... grand highett
Register an LLC with Georgia Secretary of State
WebTranscribed Image Text: Exercise 14-5 (Algorithmic) (LO. 3) Candlewood LLC began its business on March 1, 2024; and it uses a calendar tax and an accounting year. Candlewood incurred $14,700 in -legal fees for drafting the LLC's operating agreement and $7,350 in accounting fees for tax advice of an organizational nature, for a total of … WebFeb 2, 2024 · Startup tax deductions are capital costs. Startup costs are deductible. “Startup costs can be anything from market research and analysis to scouting out locations for your business,” says Chip Capelli, an accountant with offices in Provincetown, Massachusetts and Philadelphia. “They can include the costs of training staff, legal fees and ... WebNov 15, 2024 · Candlewood Carpentry LLC Contact Information. Phone Number: (612) 501-3758 Edit. Address: 5960 Afton Road, Shorewood, MN 55331 Edit. Do you work for this business? Unlock this free profile to update company info … chinese exploration of america