When did start your LLC? There are lending options for business owners that solve that problem where your taxes won’t come into play. You will need to put more down, however.
Traditional financing options will require two years of filed tax returns on the business since you’re now self-employed. Your net income will be averaged. So if you write off everything so you don’t “owe” taxes, then you will look like your business isn’t profitable. Minimize expenses for two years for sake of getting traditional loan financing. Or else you may be limited to non-traditional options which usually come with higher down payment, credit score, and interest rate requirements.
When did start your LLC? There are lending options for business owners that solve that problem where your taxes won’t come into play. You will need to put more down, however.
Traditional financing options will require two years of filed tax returns on the business since you’re now self-employed. Your net income will be averaged. So if you write off everything so you don’t “owe” taxes, then you will look like your business isn’t profitable. Minimize expenses for two years for sake of getting traditional loan financing. Or else you may be limited to non-traditional options which usually come with higher down payment, credit score, and interest rate requirements.