What Options Do I Have With The Location Of My Business ?
Generally, you may lease or buy the location for your business. Supply and demand will figure into your decision. A surplus of commercial and retail space may give you the opportunity for some favorable leasing rates, but owning might also be to your advantage. Owning provides you with the tax benefits of capital appreciation of the property, interest expenses write-offs, equity buildup in the property, the potential for you to lease or rent space for additional revenue and having greater control over the property. Speak to your local CPA about the tax ramifications of buying or leasing and their recommendations of a reputable commercial real estate firm in your area.
Note If you need professional help with "Business Start-ups" or have other tax questions, we can help you find a local licensed CPA for a free, no-obligation consultation.