Startup Companies, What Are They?

A Startup Company that would qualify for the Startup & Innovation Tax Credit would be: a corporation or partnership, if the gross receipts … of such entity for the taxable year is less than $5M and such entity did not have gross receipts for any taxable year preceding the 5-taxable-year period ending with such taxable year With the following stipulations: Active less than 6 years (TY 2016 - nothing prior to 2012) Gross receipts under $5M Annual payroll of $250,000 Examples Life Sciences - Comprises the fields of science that involve the study of living organisms, such as microorganisms, plants, animals, and human beings as well as bioethics. Biotech Pharmaceuticals Bio Med Cosmeceuticals Medical Devices Software & Information Technology - Is the application of computers and telecommunications equipment to store, retrieve, transmit and manipulate data, often in the context of a business or other enterprise. The definition consists of three categories: 1) techniques for processing, 2) the application of statistical and mathematical methods to decision-making, and 3) the simulation of higher-order thinking through computer programs. Hardware & Software Computer Services Internet Telecom Equipment Engineering Healthcare eCommerce

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