Thinking Ahead

Plan your company's debts carefully.
1 min read
Opinions expressed by Entrepreneur contributors are their own.

If you anticipate several years of losses in your business, keep in mind you cannot deduct corporate losses on your personal tax return. Other business structures, such as partnerships, sole proprietorships and S corporations, allow you to take those deductions.

Excerpted from Start Your Own Business: The Only Start-Up Guide You'll Ever Need

More from Entrepreneur
Entrepreneur Select: A Fund For Entrepreneurs, By Entrepreneurs

Entrepreneurs require more than just money, which is why we aim to empower you, as well as act as a catalyst for value creation.

Discover the franchise that’s right for you by answering some quick questions about
  • Which industry you’re interested in
  • Why you want to buy a franchise
  • What your financial needs are
  • Where you’re located
  • And more
Make sure you’re covered for physical injuries or property damage that occur at work by
  • Providing us with basic information about your business
  • Verifying details about your business with one of our specialists
  • Speaking with an agent who is specifically suited to insure your business

Latest on Entrepreneur