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Small business and buying btc

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Hi everyone!

I think the answer will be yes but I can’t articulate the why so I’m hoping someone can explain it for me.

I own a small bakery.100% ownership. I have a healthy cash reserves for the business. It’s a growing business but our monthly expenses are quite low and it’s a very low risk business. We have zero debt.

I buy and hold btc for myself. But should the business also buy and hold btc? I’d like to keep half the reserves in fiat but the rest in btc.

Down the line, the growth of btc might surpass what we actually make from the bakery. If we don’t cash out the btc, there wouldn’t be any capital gains tax. Would purchasing btc be a business tax write off? As long as the business has enough fiat reserves for emergency expenses, I don’t really expect to sell the btc so I’m not worried about the inevitable bear market in a few years.

Or I can just continue buy directly myself only and not through the LLC. I just don’t know if there is a clear obvious benefit buying through the business.

submitted by /u/snapbanana25
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