Hey all, I have verbally secured funding for my search! The investors will pay me as a contractor for 12 months###-###-#### I will likely have to cover some of the expenses. So, I'm trying to figure out what would be the best approach for tax purposes. Ideally, I would like to deduct expenses to pay less taxes, but what type of business entity should I use? Also, any guidance on how to instrument on paper my agreement with the investors?
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I would make sure to include a budget for closing fees in there so when it’s time to go- you have money to pay for legal and QofE.
good luck!