Question

Define start-up costs

Answer 1

Non-recurring costs associated with setting up a business, such as accountant's fees, legal fees, registration charges, as well as advertising, promotional activities, and employee training. Also called startup expenses, preliminary expenses, or pre-opening expenses.

Startup expenses are those expenses incurred before the business is running. Many people underestimate startup costs, and start their business in a haphazard, unplanned way. ... For example, many new companies incur expenses for legal work, logo design, brochures, site selection and improvements, and other expenses.