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Old 06-25-2007, 05:46 PM
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Cannon Shell Cannon Shell is offline
Sha Tin
 
Join Date: Aug 2006
Posts: 20,855
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To be a business you must produce a good or service. Owning horses does neither. You want to call it an investment? Fine. But a business? Try telling the IRS that it is a business. Hell, they dont even want to label owning horses as an investment.
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