28 Feb 2007 9:58 AM #1
When it comes to taxes, and the legality of business I dont' know much. Is it true that a business gets the first 3 years of "income" tax-free as long as it goes to cover costs and after that 3 year cushion taxes must ALWAYS be paid? My company is developing software and it'll be a year or so before it's completed or ready for beta. In the meantime I want to launch a web hosting service, but initially we'll make so little money that I dont' want to screwed on taxes down the road. You guys might be able to help me out, is that accurate?
28 Feb 2007 12:02 PM #2
You might also try the Joel on Software "Business of Software" forum, as they often discuss this type of thing and there are usually many knowledgeable startup folks there.