iot planning for success
TRANSCRIPT
welchllp.com
PLANNING FOR SUCCESSBUSINESS CONSIDERATIONS FOR TECH
ENTREPRENEURS
Joshua SmithCPA, CABusiness Incentives [email protected]
Matthew BlosteinCPA, [email protected]
PRESENTERS
www.welchllp.com
WHAT WE’LL COVER TODAY• The Basics
• How to Get Funding
• The Importance of Good Information
• Tax Issues
• Expanding Into The US
• Shareholders
• Controls & Safeguarding Assets
• Q & A
THE BASICS
• Being proactive
• Importance of good information
• Setting your business up for success out of the gate
FUNDING HOW-TO
• Be prepared Corporate structure Historical financial statements & forecasts
• Incentives & other non dilutive sources
• The process
TAX ISSUES
• Commodity taxes (GST/ HST/ PST)
• Indirect tax
• Maximizing SR&ED Proactive CCPC status Timing CRA audit
• Preparation
• Use & distribution
• Timing
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GOOD INFORMATION
EXPANDING INTO THE US
• Structure considerations
• Tax matters Income tax Sales and Use tax Transfer pricing
• Monitor activities
• Planning for success Exit planning Shareholder
remuneration
• Issuing shares
• Stock option plans
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SHAREHOLDERS
• Processes
• Common misconceptions
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CONTROLS & SAFEGUARDING ASSETS
Joshua SmithCPA, CABusiness Incentives [email protected]
Matthew BlosteinCPA, [email protected]
PRESENTERS
www.welchllp.com