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    Help...changed sole proprietership to s-corp...
    Hi,
    I know I'm a newbie but hopefully I can get some help without angering anybody. Here's my situation...
    I've started a sole proprietership back in 2002 and claimed ~16% of my house for business use. Although the business was growing slowly ~$300/yr., it still didn't cover all of those expenses. Anyhow, I've booked more orders and earned ~$800/yr. for 2005.
    I filed the s-corporation in Aug.2005 and am not sure if I was supposed to goto my local state county admn office and change my DBA? Is my sole proprietership still in effect even though I filed all my s-corp items? Anyhow, I went to a CPA to get my personal and corp taxes done, and he says I can't do the 16% write-off anymore. He says I can rent out that space to the corporation, but I'm wondering if the corporation needs an actual location? I've got a p.o.box in the corporation's name and would that suffice? If that's the case, then I don't have to worry about the corporation possibly in the negative again as I'll most likely have to charge a rent rate of ~$300/mo. which is already more than what I earned in 2005.
    I'm confused on what i should do. I heard incorporating was supposed to protect my assets and seperate the entity but can't seem to get anyone to give good advice on what to do. I'm currently also working as an electrical engineer at a startup so it's been very hard to free up time to work on my own business since the demands of the startup require many additional hours of work. Although it's been slow, it has been growing every year, and just need some guidance. I can't just quit as I would rather work and invest into my company dream until it makes enough money to even sustain a decent income level. Can anyone help?
    Thanks!
    -BUsyguy...


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    I am new to this forum.and I have gained many wonder full information from this forum.


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    Renting out the premises will not give it exposure.


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    what u said is true


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    Never before has there been such a comprehensive guide to building a home based business. "The Definitive Guide to Success" is the result of 28 successful home business entrepreneurs sharing what they have learned along the wa
    http://bit.ly/2Hamjl7


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