Planning for Success: Business Considerations for Tech Entrepreneurs
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Planning for Success: Business Considerations for Tech Entrepreneurs
- 1. welchllp.com PLANNING FOR SUCCESS BUSINESS CONSIDERATIONS FOR TECH ENTREPRENEURS
- 2. GROUND RULES Questions • Attendees are in listen-only mode • This webinar is being recorded for future on-demand playback • Your participation represents acknowledgement that we are recording • Tweet questions & comments to: #WelchTech Windows Mac Tablet
- 3. Bryan Haralovich CPA, CA, CPA (Illinois) Partner bharalovich@welchllp.com Matthew Blostein CPA, CA Manager mblostein@welchllp.com PRESENTERS Aamer Siddiqui CPA, CA Staff Accountant asiddiqui@welchllp.com www.welchllp.com
- 4. 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
- 5. THE BASICS • Being proactive • Importance of good information • Setting your business up for success out of the gate
- 6. FUNDING HOW-TO • Be prepared Corporate structure Historical financial statements & forecasts • Incentives & other non dilutive sources • The process
- 7. TAX ISSUES • Commodity taxes (GST/ HST/ PST) • Indirect tax • Maximizing SR&ED Proactive CCPC status Timing CRA audit
- 8. • Preparation • Use & distribution • Timing welchllp.com GOOD INFORMATION
- 9. EXPANDING INTO THE US • Structure considerations • Tax matters Income tax Sales and Use tax Transfer pricing • Monitor activities
- 10. • Planning for success Exit planning Shareholder remuneration • Issuing shares • Stock option plans welchllp.com SHAREHOLDERS
- 11. • Processes • Common misconceptions welchllp.com CONTROLS & SAFEGUARDING ASSETS
- 12. Question & Answer Questions • Tweet questions & comments to: #WelchTech Windows Mac Tablet
- 13. Bryan Haralovich CPA, CA, CPA (Illinois) Partner bharalovich@welchllp.com Matthew Blostein CPA, CA Manager mblostein@welchllp.com Ask the Experts Aamer Siddiqui CPA, CA Staff Accountant asiddiqui@welchllp.com www.welchllp.com
Editor's Notes
- Moderator: Bryan Haralovich, CPA, CA, CPA (Illinois), Partner of Welch LLP With over 20 years of public accounting and business related experience, Bryan specializes in providing financial services to entrepreneurs from private to public companies including charities, government departments and agencies. In his role as an audit partner at Welch LLP he provides a range of assurance services, technical accounting advice, income tax planning and compliance and financial statement and internal control advisory services. He has a passion for supporting entrepreneurs and owner-managed businesses by leveraging his extensive experience as a business advisor. Bryan also leads Welch’s Technology Services group. With this role, he has served technology companies from start-up to successful exit, including support with public and private financing. His goal is to continue to help businesses proactively manage financial matters Matthew Blostein, CPA, CA- Manager Matthew Blostein spends his days working with Ontario’s up-and-coming and well-established Technology companies. He works closely with clients to help them achieve their business goals, improve their internal processes, and ensures sound financial reporting. Matthew’s passion for creative problem solving is put to the test every day to determine the most relevant and reliable way to report financial results in a manner that is most efficient for tax and financing purposes. There is no one-size-fits-all approach to how a company should account for items and Matthew works closely with his clients to determine an approach which is most effective for their needs. Matthew believes sound financial reporting is built into current operations and not on top of the existing processes. Aamer Siddiqui, CPA, CA Staff Accountant at Welch LLP Toronto Aamer Siddiqui, CPA, CA joined Welch as a co-op student in 2012 while attending the University of Ottawa. He graduated with an Honours Bachelor of Commerce with a Specialized in Accounting (Cum Luade). He brings years of experience working with a diverse range of clients in the technology and knowledge based sectors. He has provided financial advisory, taxation and assurance services to assist a wide range of clients achieve their goals.
- Darryl
- Matt
- Bryan Darryl to point out link to tech webinar in PDF
- Aamer
- Matt Darryl to point out link to Matt’s blog and various start-up guides in PDF
- Bryan
- Matt Darryl to point out link to Balaji’s blog
- Aamer
- • How can I best leverage the skills of a professional accountant? • At what point do I need an audit and what will an auditor be looking for? • You talked about the importance of good controls, is it possible for a small organization with limited resources to have strong controls and processes?