From what I understand, I can write off up to $5000 of startup costs from the taxes I pay on my personal income... http://www.morebusiness.com/write-off-startup-costs
Let's say I start a website and pay someone $5000 to design it. Can I write that off, and if so, do I have to register the business and make the purchase in the business's name? ex. LLC taxed at sole propietor
Also, can this be done every year with a new business?