I recently got my professional license and am planning to go for the license above mine to increase the amount of work I am able to do as a professional. There is a lot of training involved to get the next license, which means a lot of investing money ($10k+). From what information I’ve gathered so far, I would be able to offset the cost of that training as business start up tax deductions, at least for the first year. I know I wouldn’t be able to put everything I’ve invested to get my current license down as a deduction, but I’m meaning most everything else to get to the next license.

I am planning to register as a PLLC and do intend to actually start a profit-building business once I get the next license. Or rather, I plan to transition this business into that once I reach that milestone. Also, if I end up doing contract work in the mean time, I like the idea of being able to do it under a business name rather than my own name. Though, I doubt I would for the time being as I am working under a regular company as a regular employee and plan to stay with them until I get the next license.

I guess I’m mainly wanting confirmation that this is a good move (or not) before I go ahead with the idea or if I should just wait until I plan to actually make a profit off of the business to make it.