After obtaining a pill shop license from the Commerce Department, Chen Fan made another trip to the Tax Department. As a Profound-Ranked Honorary Elder of the Alchemist Guild and a fourth-tier alchemist, he applied for a preferential policy for his pill shop, Myriad Elixir Pavilion: ten years of tax exemption and a fifty-percent tax reduction for a hundred years.
Xiao Yun had told him about this policy, and it truly saved him a hefty sum.
Afterward, he went to the Copyright Department and registered permanent copyrights for all sixteen of his pills. Once the copyrights were registered, not only could he refine the pill formulas into pills and sell them himself, but anyone else who saw how good his pills were and wished to make identical pills would have to pay copyright fees.
The Immortal Court's Copyright Department would take half of the copyright fees. After the remaining half was taxed at fifty percent, it could go into his own pocket.
Although only a quarter of that money would ultimately end up in his pocket, if Chen Fan's pills truly made a name for themselves, the copyright fees would flow in without end.
Many a little made a mickle; in the future, it would always become an enormous fortune.
On his way back, Chen Fan also browsed several specialty pill furnace shops and spent three hundred thousand Low-Grade Celestial Stones on a secondhand immortal-grade pill furnace.
Though it was secondhand, its quality was better, and it had autonomous forging authorization enabled. Chen Fan could make slight modifications to turn it into his ideal pill furnace.
Next came the search for a suitable storefront. Chen Fan spared no expense in renting a shop in Xianlan City's university district. The cultivation students there would be the main consumers of his sixteen kinds