Original text

Common Start-Up Expenses that occur prior to first date of being in business

• Research on location of the business, market survey,  labor supply and transportation supply
• Advertising to open the business
• Employee training
• Travel expenses to find the location and open the business
• Expenses relating to financing,  suppliers, and distributors
• Licenses,  permits and other fees
• Fees paid to lawyers,  accountants, consultants, and other professional services
• Operating and office supplies for the business
• Utilities and utility deposits
• Rent and lease-holders improvements

The following are NOT Start-Up Costs

1. Inventory   [deduct inventory costs as you sell the inventory]
2. Long-term assets  [depreciate the items that have a useful life more than one per IRS schedule]
3. Research & Development [special category that must use IRS Section 174]
4. Education expense [ costs you incur to qualify for a new business or profession]