Do I have to pay tax on money received from investors to start my for-profit internet business?
August 1st, 2010 | by admin |I am about to receive $100,000 from investors to start my for-profit internet business.
Each investor will become a shareholder of the company (receiving a 1% for every $10,000 invested).
The money invested ($100,000) will be used to get the company up and running.
Do I/we have to pay taxes on the $100,000 invested?
Related Blogs
- ITflux, software outsourcing company, offers outsource software …
- Updated Business Info (Commercial Guides) for Afghanistan …
- Business journalism conference available to college students …
- {Make Money Online} With Youtube Videos – Work From Home – [Best …
- Internet Marketing: Make Money Online Business Course | Manage …
One Response to “Do I have to pay tax on money received from investors to start my for-profit internet business?”
By Ryan M on Aug 1, 2010 | Reply
No, it is contributed capital, not revenue. I hope this is a homework question and not a legit one. That is very basic business concept and if you do not know that, then your “investors” are doomed.