Retirement Navigators Wealth Management

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Fortunately, clearing these hurdles may not be as difficult as it may initially appear, even if you are a first-time business owner or the scale of your business is very small. While the IRS will want to see that you have put effort in to building the business and that it provides a source of income, you do not have to quit your day job and make the new business your full-time occupation in order to qualify for tax breaks. Provided setting up your business does not require a large investment of capital, making a profit in most years should be an attainable goal.

A blue-chip stock is the common stock of a company with a reputation for quality products, services, and management, and a long history of earnings growth and dividend payments. Examples of blue-chip companies include General Electric, International Business Machines, and DuPont.

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