Small Business FAQs

You can deduct all regular expenses associated with your business. This is no different from operating your business from a location outside your home.

In addition, under certain circumstances you can also deduct a portion of your home expenses – that portion that relates to business use. There are some strict rules for this and you should know what they are before attempting to take any deduction for home office or home business use expense. Consult IRS Publication 334, the IRS, a CPA, a tax lawyer, or some other source familiar with these rules.

The most common are sole proprietorship, corporation, partnership, S-corporation, limited liability business, and limited partnership.

A majority of SBDC services are geared specifically towards those challenges faced by existing businesses management reorganization, expanding into Internet commerce, redesigning a business or marketing plan, financing an expansion, entering international markets . . . and many more.