Home/ Questions/Q 142
Next
In Process
Jay
  • 1
Informed
Asked: 2019-02-08T05:53:41+00:00 In:

For how long can company be considered a startup?

  • 1

two years, 3 years? 4 years? How long time

companystartup
Share

    4 Answers

    1. 5 years I guess.

      • 0
    2. Informed

      Why do you think so, and your reasons. Because a company can even be 7 years and yet still be a startup, I think it depends on some feats, what they have achieved for a period of time

      • 0

    3. Talking from a tax authority point of view, a business is considered a start-up between 1-4years.
      However, any business with a turnover of above 1 million is no longer a start-up even if the business is still within it’s 1-4 years of existence.
      In the same vein, even if a business does not have up to 1 million as its turnover, provided the business has been in existence for over 4years, it can’t be regarded as a start-up any more.

      I hope this helps 😊

      • 0
    4. Scholar

      For the first 5 years, the company will be involved in its serious learning curve and the taxes are very minimal.

      The standard startup will be considered 0-3years

      • 0

    You must login to add an answer.

    Need An Account,