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DO I NEED AN LLC TO HAVE WRITE-OFFS?

DO I NEED AN LLC TO HAVE WRITE-OFFS?

By:

Mark Perlberg

Published:

February 16, 2023

Updated:

October 14, 2026

1 min read

Speaker 1:          

Key Takeaway
You don't have to choose between your financial goals. Start by taking advantage of available employer benefits, then balance your remaining savings between short-term priorities and long-term financial growth. Keep money needed in the near term in an appropriate low-risk option, and consider the tax implications before using long-term savings.

Mark Perlberg, CPA here, to address the most common misperception that I see with beginning business owners. You do not need an LLC to have write-offs. You do not need an LLC to start a business. Should you have an LLC, most likely, if you have expenses that do not come directly out of your LLC, whether they’re from your personal accounts or your credit cards, you still want to record them, because you can still most likely write them off.

Most of you guys are getting so hung up on this LLC topic, and S-corps, and C-corps, and if you can’t afford a tax advisor or don’t have any time right now, or don’t even know if this business is going to take off, just get started, or you can create your own LLC in maybe 10 or 15 minutes with your state. If you can find an advisor, that’s even better, but I want you guys to just get started and get the ball rolling. Stop stressing out and obsessing over this topic.

About the author

Mark Perlberg

Certified Tax Planner

Mark Perlberg is a CPA, Certified Tax Planner, and specializes in helping real estate investors and entrepreneurs achieve their financial goals through strategic tax planning. He has been a CPA since 2015, and since 2019, has served hundreds of entrepreneurs to create tax plans with savings as high as $2.5 Million in a single year through advanced planning methods. Mark and his team collaborate closely with clients to understand their unique goals and circumstances, evaluating all sources of past, present, and future financial events to guide them toward the most advantageous business and financial decisions. Originally from New York and now based in Atlanta, Mark is also a passionate foodie and a world traveler.

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