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J
JCPS Global
October 27, 2021
Question

New business

  • October 27, 2021
  • 1 reply
  • 0 views

I am starting a new venture using my existing LLC. Do I need to keep the expenses separate from my current venture? (Separate Schedule C)

    1 reply

    O
    OpeA1
    October 27, 2021

    Yes, it is always best to keep a record of your expenses for each entity separately. It is best practice for good bookkeeping and accurate tax records.

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