Unless you are an accountant or tax attorney, you probably don’t know the first thing about a proper tax foundation for your startup. The very fact that there are accountants and tax attorneys suggests that the tax code is so dense and convoluted that we need a special class of people to devote their lives to understanding it just to help us navigate the system.
Your startup isn’t about taxes; it is about selling the next big thing, or wearable widget, or consumer service that changes the way we… well, you get the idea. You’re great at that. But if your startup is going to have any chance of success, you have got to lay a solid tax foundation.
Here are three items it must include: Continue reading