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Lean startups leverage tax deductions

Tax deductions are crucial to the launch of a lean startup. Second only to a profitable business model in financial importance, tax deductions are crucial to a lean startup. Business taxes can absorb a business' profit for months - Clydebank estimates that it takes a full quarter for a small business to generate enough profit to exceed their tax responsibilities (loc. 576). For a startup with limited fund runway, taxes can quickly shorten the duration an entrepreneur has to iterate on their business model.…