Confused about Business Tax benifits. Can a LLC business write off business expenses such as office supplies?

Question

Is this a Corporation only benefit or can an LLC write off business related expenses as well such as office supplies, office work space rent, internet access for business, lunch meetings, travel, company car, and other business related expenses? I keep reading and it appears it is corporation only, but I'm not sure... Can someone please feel me in on this... I'm having trouble finding info in books.

Answer 1

Any business can deduct, for tax purposes, expenses legitimately arising from the conduct of the business, and the particular form in which the business is organized does not matter.