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exactly. If that's how it works, why wouldn't you start every startup as a non-profit? Investment is tax deductible, no tax on profits... Then turn it into a
by tomp 2y ago
exactly.
If that's how it works, why wouldn't you start every startup as a non-profit?
Investment is tax deductible, no tax on profits...
Then turn it into a for-profit if/when it becomes successful!
- jameshart 2y agoDonations are not investments. They don’t result in ownership.