Technology Startups and Taxes
A tech startup is if you are using a technology. It can be a web site, an application, or even a software. As a tech startup, you are exempted from taxes for three years. You should include taxes in your business plan for a five year plan. You can start your family as an individual without any partners. Do no conduct corrupt practices of any business. You may win in the beginning but at the end you will have huge financial loss. These days teenagers are starting their own business. It’s good to teach them about taxes and money from the beginning. Pakistan businesses have been teaching their kids right from the start about business. Unfortunately, they don’t teach them about taxes.