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Are Your Invention or Startup Expenses a Tax Write Off, When Should You Incorporate?

Are Your Invention or Startup Expenses a Tax Write Off, When Should You Incorporate?
May 8, 2022 · 1h 17m 21s

As inventors and entrepreneurs, we spend money on patents, trademarks, prototypes, research, trade shows, advertising, manufacturing and other services. What about the time we invest in our ideas? Can we...

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As inventors and entrepreneurs, we spend money on patents, trademarks, prototypes, research, trade shows, advertising, manufacturing and other services. What about the time we invest in our ideas? Can we write these off on our tax return? Should we set up an LLC, S or C Corp? What's the difference? How can we prepare ourselves for an investor when trying to raise funds?
Our NIC Guest Speaker Ken Rosenfield is a tax expert, CPA and will help us answer these questions and share his experiences of watching idea people just getting started to becoming successful companies! Let's find out what their secrets were to help us keep moving forward with our invention and business ideas!
We will also hear from new NIC Premium Members, Small Business Development Center, US Patent & Trademark Office representatives and introduce our inventor in the Inventor Spotlight!
Please LIKE and FOLLOW us to keep updated to receive notifications when we go live!!
Thank you,
National Inventor Club Team
https://nationalinventorclub.com
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Author Brian Fried
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