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IoT planning for success
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Transcript of IoT planning for success
![Page 1: IoT planning for success](https://reader030.fdocuments.us/reader030/viewer/2022020301/5871990a1a28ab044e8b549b/html5/thumbnails/1.jpg)
welchllp.com
PLANNING FOR SUCCESSBUSINESS CONSIDERATIONS FOR TECH
ENTREPRENEURS
![Page 2: IoT planning for success](https://reader030.fdocuments.us/reader030/viewer/2022020301/5871990a1a28ab044e8b549b/html5/thumbnails/2.jpg)
Joshua SmithCPA, CABusiness Incentives [email protected]
Matthew BlosteinCPA, [email protected]
PRESENTERS
www.welchllp.com
![Page 3: IoT planning for success](https://reader030.fdocuments.us/reader030/viewer/2022020301/5871990a1a28ab044e8b549b/html5/thumbnails/3.jpg)
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
![Page 4: IoT planning for success](https://reader030.fdocuments.us/reader030/viewer/2022020301/5871990a1a28ab044e8b549b/html5/thumbnails/4.jpg)
THE BASICS
• Being proactive
• Importance of good information
• Setting your business up for success out of the gate
![Page 5: IoT planning for success](https://reader030.fdocuments.us/reader030/viewer/2022020301/5871990a1a28ab044e8b549b/html5/thumbnails/5.jpg)
FUNDING HOW-TO
• Be prepared Corporate structure Historical financial statements & forecasts
• Incentives & other non dilutive sources
• The process
![Page 6: IoT planning for success](https://reader030.fdocuments.us/reader030/viewer/2022020301/5871990a1a28ab044e8b549b/html5/thumbnails/6.jpg)
TAX ISSUES
• Commodity taxes (GST/ HST/ PST)
• Indirect tax
• Maximizing SR&ED Proactive CCPC status Timing CRA audit
![Page 7: IoT planning for success](https://reader030.fdocuments.us/reader030/viewer/2022020301/5871990a1a28ab044e8b549b/html5/thumbnails/7.jpg)
• Preparation
• Use & distribution
• Timing
welchllp.com
GOOD INFORMATION
![Page 8: IoT planning for success](https://reader030.fdocuments.us/reader030/viewer/2022020301/5871990a1a28ab044e8b549b/html5/thumbnails/8.jpg)
EXPANDING INTO THE US
• Structure considerations
• Tax matters Income tax Sales and Use tax Transfer pricing
• Monitor activities
![Page 9: IoT planning for success](https://reader030.fdocuments.us/reader030/viewer/2022020301/5871990a1a28ab044e8b549b/html5/thumbnails/9.jpg)
• Planning for success Exit planning Shareholder
remuneration
• Issuing shares
• Stock option plans
welchllp.com
SHAREHOLDERS
![Page 10: IoT planning for success](https://reader030.fdocuments.us/reader030/viewer/2022020301/5871990a1a28ab044e8b549b/html5/thumbnails/10.jpg)
• Processes
• Common misconceptions
welchllp.com
CONTROLS & SAFEGUARDING ASSETS
![Page 11: IoT planning for success](https://reader030.fdocuments.us/reader030/viewer/2022020301/5871990a1a28ab044e8b549b/html5/thumbnails/11.jpg)
Joshua SmithCPA, CABusiness Incentives [email protected]
Matthew BlosteinCPA, [email protected]
PRESENTERS
www.welchllp.com