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comment by tacocat
tacocat  ·  3242 days ago  ·  link  ·    ·  parent  ·  post: The social aggregator is a terrible business model.

I don't think you can be an LLC forever in the eyes of the IRS. If you don't turn a profit they consider the venture a hobby





mk  ·  3242 days ago  ·  link  ·  

I have a LLC for my gaming company that is going on 7 years without turning a profit. :)

tacocat  ·  3242 days ago  ·  link  ·  

Do you write off expenses for business on your taxes?

mk  ·  3242 days ago  ·  link  ·  

No, we are not working on nuclear fusion. :)