Hi everyone,
I’m on a dependent visa through my husband, who works for a Japanese company. We're both foreigners. I’m planning to open a small bakery as a sole proprietor because it’s the easiest way for me to start. I’ve already leased a space and plan to set up a kitchen, but I haven't officially registered the sole proprietorship yet.
I’m at the stage where I will apply for it soon, but I wanted to delay it a bit to take advantage of some benefits. I’ve come across a great deal on a used oven that I want to buy privately now. My question is: If I buy equipment now and register the sole proprietorship later (in 1-2 months), can I still deduct the cost of the equipment? Or do I need to wait until the business is officially registered to make any purchases?
I’ve tried to find information online but couldn’t get a clear answer. Can anyone here help me out? Thank you!
by Current_Scarcity8064