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Discussion on: Software contractors and entrepreneurs: Do you have a business entity?

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Ben Halpern Author

I had to pay property taxes on anything the business used even if it wasn’t purchased/owned by said business.

What are some examples of things that require "property tax"? I've always thought of that as just a real estate thing.

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Dylan Anthony • Edited

Where I lived you were taxed on the depreciated value of literally everything used for business purposes. Your computer and accessories, desk, pens and paper, literally everything. There was a massive form to fill out every year with different areas for different types of items.

I had to start paying property taxes every year on a desk I’d gotten for free 10 years earlier. That’s how I knew I had to either move or close the LLC. Turns out I did both 😅.