Hi Anthony For the IP you can create a licensing arrangement between the US & Australian companies that will satisfy the R&D Tax Incentive. If the US based developers have specific skills that are not available in Australia, their cost could also be included in your R&D claim with an advanced overseas finding.
Cheers, Andrew Flick Software R&D Tax Consultant www.innercode.com.au On Thursday, 26 December 2013 17:29:35 UTC+11, AnthonyS wrote: > > Patrick you are right about the split although I'd probably base the > Product guys in AU with the dev team as well. I'm doing this (almost) but > on a pretty small scale for now. > > One thing to keep in mind is the R&D tax incentive should have the IP > belonging to an Australian entity. If so, you might find this impedes your > capital & exit opportunities. I haven't tested this (yet) but it's what I > was told when I structured my setup the way I did (Australian Company (IP), > wholly owned US C-Corp (Operations)). > > On Wednesday, 25 December 2013 04:17:29 UTC+10, PatrickCollins12 wrote: >> >> I 100% agree Michael. Well said. I for one will be splitting my next >> startup between AU/US. Dev team in Aus will provide access to: >> - loyal affordable smart engineering talent who would love being able to >> travel to the US twice a year. >> - R&D tax incentive >> - EMDG grant (I've already done this once so I know it is possible. >> >> US based CEO, marketing, sales, product and management provides access to: >> - capital >> - exit opportunities >> - b2b sales scale >> >> Best of both worlds, and completely doable. You just have to be willing >> to manage the split team problem. >> >> Regards, >> Patrick >> >> Sent from my iPhone >> >> On Dec 24, 2013, at 3:39 AM, Michael Stone <mic...@stoneweb.com.au> >> wrote: >> >> I think the Aus government is incredibly generous to startups if you >> consider >> >> - IIFF >> - Commercialisation Australia >> - R&D Tax Incentive >> - EMDG >> - Australian Technology Showcase >> >> The only areas where government intervention would help are: >> >> - Changing how share options in startups are taxed >> - Encourage superannuation funds to invest in venture capital >> >> The big issues in Australia are the small market size, distance from >> major markets and lack of upstream exit opportunities, none of which the >> government can change. >> >> >> >> On Tuesday, 24 December 2013 03:40:51 UTC+11, Dean Collins wrote: >>> >>> Thoughts - >>> http://www.computerworld.com.au/article/534510/how_tech_startups_rate_australia >>> >>> >>> >>> Sorry guys but having moved to NY a few years ago I can tell you the >>> majority of this article is BS. >>> >>> >>> >>> There is no need for government involvement, I've never heard of a >>> single startup applying for government funding here in NY. >>> >>> >>> >>> There is also no need for anything but friends and family fi you are >>> only raising $250k Sorry Paul from Tap-To but if you cant convince people >>> you know to kick in $250k for matching funds.....then you have a bigger >>> issue with your startup, how small a runway will $250k actually get you >>> anyway? >>> >>> >>> >>> The real issue in Australia (and inversely the reason why NY (and SF >>> etc) is hot at the moment is upstream buyout. >>> >>> >>> >>> Basically there are a ton of "upstream" media companies etc that are >>> using startups as "R&D", (eg Hearst/Yahoo/Facebook etc) so while this >>> companies raise $250k F&F then $1-3m in Series A....they are then greedily >>> being swallowed up by bigger companies eagerly and provide a decent return >>> for downstream founders to raise again on another startup. >>> >>> >>> >>> This is the real issue in Australia and no amount of government funding >>> is going to solve that, lets face it how many companies can Ninemsn etc >>> swallow? >>> >>> >>> >>> >>> >>> Regards, >>> >>> >>> >>> Dean Collins >>> Cognation Inc >>> d...@cognation.net >>> +1-212-203-4357 New York >>> >>> >>> >> -- >> -- >> You received this message because you are subscribed to the Silicon Beach >> Australia mailing list. 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