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I invest $1M building a great new store for selling widgets. My first year I make a $1M profit. I want to build a second store, but I can't out of profits, beca
by valuearb 6y ago
I invest $1M building a great new store for selling widgets. My first year I make a $1M profit. I want to build a second store, but I can't out of profits, because I only can net $700k because of state and federal corporate income taxes.
- jellicle 6y agoAs you'll immediately get that $300K refunded with your next tax return, it should be trivial to borrow money for a few months. The idea that there's no access to capital to build out successful businesses is laughable.