I am a small business owner and have been developing my company for the past year. Because I left my previous job to start this Business I do not have a current income and because my company only recently officially "opened for business" we do not have a profit line. Do I need to file? What about the business expenses that I incur?

Definitely keep track of your expenses. Most start-up expenses should be capitalized until operations begin. This means that you cannot deduct certain expenses until the date the business started, even if you paid them last year. Some expenses should be amortized over a period of time.

Business start-up costs are the expenses you incur before you actually begin business operations. Your business start-up costs will depend on the type of business you are starting. They may include costs for advertising, Travel, surveys, and training. These costs are generally capital expenses.

You usually recover costs for a particular asset (such as machinery or office equipment) through depreciation (discussed next). You can elect to deduct up to $5,000 of business start-up costs and $5,000 of organizational costs paid or incurred after October 22, 2004. The $5,000 deduction is reduced by the amount your total start-up or organizational costs exceed $50,000. Any remaining cost must be amortized.

For more information about amortizing start-up and organizational costs, see chapter 9 in Publication 535.

I’m currently an undergrad at a liberal arts school. I’m planning on majoring in either politics or philosophy, and a minor in business. After i get my degree, would i be capable of getting hired or nonetheless get an interview with a firm or bank. Also, could a business internship help the situation?

A business internship would definitely help.

May I suggest majoring in business if that major is available, in which case you could minor in politics or philosophy. As you can take additional politics or philosophy courses as electives in addition to those required for a minor, you could still get a good Education in one of those subjects.

If a major in business is not available, I would suggest that you take as electives any additional available Business courses which are not required for the minor. I would also suggest taking additional business courses during the summer at the most prestigious university possible during any summer in which you do not have an internship. Some of the most prestigious universities in the country, including Harvard and Stanford, often admit for the summer only students at any other properly accredited university or college upon the student’s completion of a simple form and payment of the tuition fee. In that case be sure to have official transcripts sent to your college.

I’ve done alot of research on starting a Business. I am a college sophmore-havent picked a major yet but i’ll probably go with business and Photography. My interests are business, photography, web design, photoshop, Traveling and languages (spanish and italian) When people say base your business ideas on you passions–mine are a little too complicated for starting a small business. Any Ideas? Thanks!

I’m helping a friend with his expanding company and am looking for 2 or 3 people right now who are ambitious and teachable. Your background is impressive but I make no promises or offers. If your really interested in business ownership and would like to find out more contact me for an interview…. Call toll free 1-866-676-8366

I have US $ 10000. I would like to invest it in my country (Bangladesh). I want to invest in a production business or any other suitable business. I am ready to do this with partnership also. Is this money enough to start any Business ? if yes then what kind of business. Pls help me.

open up a internet cafe… good luck!

I am doing a research paper in which I am going to discuss E-commerce and internet businesses versus anti-internet businesses only that is not a real word. So please DON’T give me an obvious and idiotic answer like "business." I am looking for businesses that do/can not use the internet to greatly benefit themselves. THANK YOU!!
THANK YOU, AFTER DOING SOME WORK I REMEMBERED BRICK-AND-MORTAR BusinessES.

You may need to separate "Internet" and "E-Commerce" into distinctly different roles.

Every business on the planet would benefit from an "Internet" presence, because of the potential mass exposure. The internet allows a business a space to educate its ideal consumer about the companies product and service.

The whole point of being in business is to make and keep customers…so being exposed to as many potential customers as possible, is a massive advantage upgrade.

E-Commerce….I think this is where you are trying to identify a company which would not benefit from "Purchase" transactions over the internet….and again…as I sit here I am having difficulty thinking how this would not benefit any company. If something comes to mind I will edit this.

I am doing a research paper in which I am going to discuss E-commerce and internet Businesses versus anti-internet businesses only that is not a real word. So please DON’T give me an obvious and idiotic answer like "business." I am looking for businesses that do/can not use the internet to greatly benefit themselves. THANK YOU!!
THANK YOU, AFTER DOING SOME WORK I REMEMBERED BRICK-AND-MORTAR BUSINESSES.

You may need to separate "Internet" and "E-Commerce" into distinctly different roles.

Every business on the planet would benefit from an "Internet" presence, because of the potential mass exposure. The internet allows a business a space to educate its ideal consumer about the companies product and service.

The whole point of being in business is to make and keep customers…so being exposed to as many potential customers as possible, is a massive advantage upgrade.

E-Commerce….I think this is where you are trying to identify a company which would not benefit from "Purchase" transactions over the internet….and again…as I sit here I am having difficulty thinking how this would not benefit any company. If something comes to mind I will edit this.