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Unread 10-10-2007, 02:39 PM   #10
stan
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Yes but you could have future ramifications on equipment based on how your wrote them off. You get into depreciation schedules for items. When you dispand the LLC then you will have to get into what has a value when dispanded and whether or not it will be considered income. For instance a $5000 smoker. It will depreciate over a long period of time.
You should probably talk to a tax attorney or your accountant. My accountant set one up for a little business my wife had and it has been a major headache. Quarterly tax filings, letters when you do not get it filed timely, etc adding to the additional cost.
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Stan
Co-Founder and Executive Director of Operation BBQ Relief - www.operationbbqrelief.org
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County Line Smokers Competition BBQ Team
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Pitmaker BBQ Vault mounted in a 12 Foot Competition Trailer
22 1/2 Weber Kettle, Stainless Steel gaser
chunks of wild cherry, pecan, oak
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