Business owner here. The purpose of a business is to do whatever the business ow... | Hacker News

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		michaelt on July 11, 2012 \| parent \| context \| favorite \| on: Lies, Damn Lies and LIBOR Business owner here. The purpose of a business is to do whatever the business owners want it to do.

tsotha on July 12, 2012 [–]

Well, sort of. If you don't actually make money for a few years the IRS can declare it a hobby and disallow deductions.

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