I have an S-Corp for my technology startup and it works great. The main thing regarding accounting is to create separate accounts for your business. Its best

I have an S-Corp for my technology startup and it works great. The main thing regarding accounting is to create separate accounts for your business. Its best to have a business checking account and credit card account exclusively for business. If you pay for something from your personal account like your personal credit card simply show it as a loan from your business to yourself. You can keep records in this manner until you reach tax filing season (mar 15 deadline). At that time you can use a CPA accountant to file your taxes and he should be able to assist you with your other questions. Focus on keeping very accurate records and ethical in what is being used for business and you should have no problems during tax time. If you are taking on a loan in exchange for shares, I would definitely advice you to get a lawyer to write out the terms and hopefully you can afford it then.