, which outlines plans to make the state a better place for entrepreneurs to get their businesses up and running.The bill requires the government to award 5% of all state contracts to startups that have been operating for less than five years, nullifies noncompete clauses in worker contracts, and establishes an office of entrepreneurship.
There are also several tax provisions for companies less than five years old. Businesses created within the past tax year, beginning on January 1, are exempt from paying taxes on their first $250,000 of income and pay 4% on income afterward. Small businesses with less than $5,000 in revenue can defer filing their taxes for one year..
Hi, I am a structural engineer from Iran who have many ideas. I have summarized some of my ideas on my twitter(I suggest look at the idea of generating electricity by gravity). I want to work with companies and investors. Do you want to cooperate?
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