IoT planning for success

welchllp.com

PLANNING FOR SUCCESSBUSINESS CONSIDERATIONS FOR TECH

ENTREPRENEURS

Joshua SmithCPA, CABusiness Incentives [email protected]

Matthew BlosteinCPA, [email protected]

PRESENTERS

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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

welchllp.com

CONTROLS & SAFEGUARDING ASSETS

Joshua SmithCPA, CABusiness Incentives [email protected]

Matthew BlosteinCPA, [email protected]

PRESENTERS

www.welchllp.com