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Old 12-07-2012, 11:26 AM
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White Gardens White Gardens is offline
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Join Date: May 2008
Location: Bloomington IL
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Originally Posted by CLS LLC View Post

To the OP, maybe you have some things that you still "personally" own, but the business uses much more often than you do, that you can "sell" to the business to avoid some taxes. If you do this though, make sure to document what you are "selling" with pictures so you can make the argument of their value to the IRS if necessary.
And don't forget, if you have a corporation set up, you can lease your personal equipment back to the corporation, such as vehicles.

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2005- Completion of University of Illinois Master Gardner's Program.
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