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So my current problem, and questions...
Now that we have apps in the App Store, I want
to also open up a business checking account and a business credit card.
The problem is no money has come in yet. And I have been bankrolling whatever expenses we've had so far, which are not that much
-$100 Apple developer membership
-$1000 to file LLC status
-$300 on outsourcing some research work
How do I attribute the $1400 I've already spent out of my own bank account to the business so i can write it off as business expenses?
How do I open up a bank account without any money coming in from the business? I'd like to avoid using my own money since I have already registered the company and that's what it's for.
How do I apply for a business credit card without money coming in from the business? I may see some start to trickle in now that we're in the App Store but honestly my only expectation from the first few apps is that I get a chance to practice App Store optimization on them. Again I'd like to avoid continuing to use my own money to fund the business and I'd like to buy things on credit to help the business along like - hiring a graphic designer for a game I'm reskinning, or buying an iPad to do tablet testing on.
I'd also like to start writing off expenses like my internet bill, computer supplies, software licenses etc. to the business since that's what it's there for. Again I'd hate to keep pumping money into the business if I can avoid it.
Not sure if I can do any of the above without using my own money until money starts coming in from the business.
Now that we have apps in the App Store, I want
to also open up a business checking account and a business credit card.
The problem is no money has come in yet. And I have been bankrolling whatever expenses we've had so far, which are not that much
-$100 Apple developer membership
-$1000 to file LLC status
-$300 on outsourcing some research work
How do I attribute the $1400 I've already spent out of my own bank account to the business so i can write it off as business expenses?
How do I open up a bank account without any money coming in from the business? I'd like to avoid using my own money since I have already registered the company and that's what it's for.
How do I apply for a business credit card without money coming in from the business? I may see some start to trickle in now that we're in the App Store but honestly my only expectation from the first few apps is that I get a chance to practice App Store optimization on them. Again I'd like to avoid continuing to use my own money to fund the business and I'd like to buy things on credit to help the business along like - hiring a graphic designer for a game I'm reskinning, or buying an iPad to do tablet testing on.
I'd also like to start writing off expenses like my internet bill, computer supplies, software licenses etc. to the business since that's what it's there for. Again I'd hate to keep pumping money into the business if I can avoid it.
Not sure if I can do any of the above without using my own money until money starts coming in from the business.
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