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The Swarm Lounge
General Investing and Economics Discussion - No Politics
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<blockquote data-quote="MountainBuzzMan" data-source="post: 710071" data-attributes="member: 3069"><p>Learn something new every day. We will have used up all of our previous years losses in 2019. My company is very profitable, but hardware is a bit hard to raise money on so I have to be my own VC. I am trying to build up extra reserves and then use it to go through a scaling and expansion phase to roll out my SaaS offering. I would rather invest the money back into my company than pay a lot of taxes now. I don't mind paying taxes, just this next transition phase is going to be tricky and I will need every dime to make it through cleanly.</p></blockquote><p></p>
[QUOTE="MountainBuzzMan, post: 710071, member: 3069"] Learn something new every day. We will have used up all of our previous years losses in 2019. My company is very profitable, but hardware is a bit hard to raise money on so I have to be my own VC. I am trying to build up extra reserves and then use it to go through a scaling and expansion phase to roll out my SaaS offering. I would rather invest the money back into my company than pay a lot of taxes now. I don't mind paying taxes, just this next transition phase is going to be tricky and I will need every dime to make it through cleanly. [/QUOTE]
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