Do I understand that you intend to run a business after working a 40 hour week and would be satisfied to lose money so you can get 1/3 to 1/2 of your loss back from the IRS? This post brings up an interesting question. How many electrical contractors out there started business while working another full time job, used their own money and personal credit and was able to build up a business that gave them a good living while working it and was worth selling when they retired? Also, how many started on other peoples money, drew a guaranteed, living wage and ended up owning a good chunck of a multi-million dollar business after 10 or 15 years?
