Start-up losses
If you are setting up a new business, start-up losses incurred by a corporation will not be personally deductible. If you anticipate start-up losses, and liability is not a concern, consider starting your business as a sole proprietorship or partnership and only incorporate once you become profitable.
Disclaimer:
"This article provides information of a general nature only. It is only current at the posting date. It is not updated and it may no longer be current. It does not provide legal advice nor can it or should it be relied upon. All tax situations are specific to their facts and will differ from the situations in the articles. If you have specific legal questions you should consult a lawyer."
