New small businesses, and the U.S. economy, would benefit significantly from a three-year incubation period during which they would face lower taxes, fewer regulatory requirements and fewer penalties for first-time and harmless paperwork violations. (Illustration by Damien Correll | Op-Ed by Jay Fishman on Bloomberg View)

New small businesses, and the U.S. economy, would benefit significantly from a three-year incubation period during which they would face lower taxes, fewer regulatory requirements and fewer penalties for first-time and harmless paperwork violations. (Illustration by Damien Correll | Op-Ed by Jay Fishman on Bloomberg View)