I believe that during the first year of operations a new LLC can treat all capital (up to $50,000) as expenses instead of having to amortize over 180 months. I have 3 questions related to this:
I'm guessing, since it hasn't occurred to you to mention, that you're from the US. The answer depends on the jurisdiction, and I think on this forums only the USans assume their country is the only one in the world.
Is this correct?Of course not.
Capital is never expense. Expense is expense.
You're confusing different things. Start-up expenses (i.e.: expenses prior to incorporation, generally speaking, not after it already happened) can be deducted for tax purposes up to a certain limit, after which they should be capitalized for 180 months. Here's an explanation from sba.gov.
Talk to your tax adviser.