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welchllp.com
PLANNING FOR SUCCESS
BUSINESS CONSIDERATIONS FOR TECH ENTREPRENEURS
Joshua Smith
CPA, CA
Business Incentives Leader
jsmith@welchllp.com
Matthew Blostein
CPA, CA
Manager
mblostein@welchllp.com
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
welchllp.com
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
welchllp.com
SHAREHOLDERS
• Processes
• Common misconceptions
welchllp.com
CONTROLS & SAFEGUARDING ASSETS
Joshua Smith
CPA, CA
Business Incentives Leader
jsmith@welchllp.com
Matthew Blostein
CPA, CA
Manager
mblostein@welchllp.com
PRESENTERS
www.welchllp.com

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IoT planning for success

  • 1. welchllp.com PLANNING FOR SUCCESS BUSINESS CONSIDERATIONS FOR TECH ENTREPRENEURS
  • 2. Joshua Smith CPA, CA Business Incentives Leader jsmith@welchllp.com Matthew Blostein CPA, CA Manager mblostein@welchllp.com PRESENTERS www.welchllp.com
  • 3. 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
  • 4. THE BASICS • Being proactive • Importance of good information • Setting your business up for success out of the gate
  • 5. FUNDING HOW-TO • Be prepared  Corporate structure  Historical financial statements & forecasts • Incentives & other non dilutive sources • The process
  • 6. TAX ISSUES • Commodity taxes (GST/ HST/ PST) • Indirect tax • Maximizing SR&ED  Proactive  CCPC status  Timing  CRA audit
  • 7. • Preparation • Use & distribution • Timing welchllp.com GOOD INFORMATION
  • 8. EXPANDING INTO THE US • Structure considerations • Tax matters  Income tax  Sales and Use tax  Transfer pricing • Monitor activities
  • 9. • Planning for success  Exit planning  Shareholder remuneration • Issuing shares • Stock option plans welchllp.com SHAREHOLDERS
  • 10. • Processes • Common misconceptions welchllp.com CONTROLS & SAFEGUARDING ASSETS
  • 11. Joshua Smith CPA, CA Business Incentives Leader jsmith@welchllp.com Matthew Blostein CPA, CA Manager mblostein@welchllp.com PRESENTERS www.welchllp.com

Editor's Notes

  1. Darryl
  2. Matt
  3. Both – Matt to start, Josh to finish
  4. Josh
  5. Matt Darryl to point out link to Matt’s blog and various start-up guides in PDF
  6. Josh
  7. Matt, Josh to chime in Darryl to point out link to Balaji’s blog
  8. Matt