2 ms·
I'm curious how the IRS applies this to startups that may not be profitable until well after IPO.
by TheOtherHobbes 5y ago
I'm curious how the IRS applies this to startups that may not be profitable until well after IPO.
- Rebelgecko 5y agoFor businesses that don't make money in their first 3 years, there's some more indepth criteria but they're less cut and dry than the "are you usually profitable" rule For example do you put a substantial amount of your own time into the business, is it normal to have large startup costs before coming profitable in your field, is the business your primary livelihood or just a side project,etc