I'm currently in the planning phase of starting a small business (family structure, myself, wife and 4-old son, renting a house). Tax strategy-wise, would it be better to be a sole-proprietor,partner-with my wife, corporation, or LLC, so my wife's gran-father can invest or hind some of his money? Would a sole-proprietor be best, just to get started, now?We currently rent a house at $1000 a month, can I write-off some of the rent like you would, if I "owned" the house? OR Should I buy and have both interest and write-off some of the house on our taxes???OR Am I making this way too complicated????? Any help will help....
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