LLCs in Texas can write off expenses related to their operation, but don't try to outsmart the IRS. Generally speaking, as an attorney I do not give any kind of tax advice when we are working with Texans starting their business. However, people are keenly aware of the benefits of an LLC when it comes to taxes and are eager to start writing off everything under the sun because they have heard from so many other sources that you can "just write it off." Well, the IRS knows about LLCs and trying to give them the run around will usually fall short of your actual financial goals. For more on this topic, check out the article from Texas Attorney Nathaniel Gilbert: https://longilbert.com/blog-and-updat...

0:00 Introduction

0:07 Forming an LLC

1:06 Writing Off Expenses

2:00 Appropriate Write-Offs

2:57 Working with a CPA

5:04 Conclusion

Want to learn more about Texas LLC Formation and Management? Check out the link for more articles, tips, videos, and frequently asked questions about Texas LLCs from Attorney Nathaniel Gilbert: https://longilbert.com/llc-formation

The Law Office of Nathaniel Gilbert, PLLC in San Antonio, TX helps clients with LLC Formation including PLLCs and Series LLCs in Texas. For more about Nate, or to schedule a Free 15 Minute Consultation, follow this link: https://longilbert.com/