chris12m20
Junior Member
What is the name of your state? CA
I am starting up a business to run a website, which will cost money in the beginning. It may bust before I collect any dime.
At the same time I have some expertise which I can work as independent consultant and have some incomes.
Here are the questions:
- Do I need to own a business to run a commercial website, like http://www.photoloot.com?
- If yes I start a business to operate the website, can I use income from my role as independent consultant to offset the expense of the website to lower tax? assuming I won't be make any money in the short term from the website, I wonder if the expense from the website can offset the income of the consulting.
I am starting up a business to run a website, which will cost money in the beginning. It may bust before I collect any dime.
At the same time I have some expertise which I can work as independent consultant and have some incomes.
Here are the questions:
- Do I need to own a business to run a commercial website, like http://www.photoloot.com?
- If yes I start a business to operate the website, can I use income from my role as independent consultant to offset the expense of the website to lower tax? assuming I won't be make any money in the short term from the website, I wonder if the expense from the website can offset the income of the consulting.