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Yeah sure. It's just not the company set up, but we also have specific legal costs etc.

I probably worded this wrong. The idea is to use a LOC to pay for the company setup costs rather then our own money. And then repay this LOC with the companies income. I'm not talking about making the costs deductible against our current personal tax. If that makes sense?

Yes, this is the idea. Say in costs us $10K to set up the company in legals etc. 3 months later we start getting income. The idea is we get a LOC for 15K to pay for the initial $10K and have 5K spare for other expenses in the mean time, compounding the interest. First 15K income, can clear...

Hi, I have searched the forum without any luck. I am in the process of setting up a company as a side project to my current job. As there are costs in doing so, I want to be able to make these costs deductible from Day 1. Things like accountant fees, lawyers, etc etc. As I'd prefer to...