Rules have been established in the program for investment in the business. To have an applicant invests in a winery, if the structure involves the buying the shares of an existing operating business no more than two thirds of the applicable minimum personal investment can apply to the purchase of shares and their prospective investor must acquire ownership and control of at least one third of the business. The shares you buy to purchase the business must be common full-voting shares and must not have a redemption option.
If the prospective investor is buying the assets of an existing business no more than two thirds of the applicable personal investment can be applied to the purchase of these assets.
The applicable minimum personal investment can not be applied to the purchase of real estate unless you can show that it is essential to the business, in which case no more than two thirds of this investment can be applied for this purpose.
The applicable minimum personal investment can be applied to the following types of business costs, provided that the amounts are reasonable for the business involved:
Machinery, equipment, furniture and fixtures
Patents and licenses
Franchise purchase fees
Allowable real estate and franchises
Initial promotion and marketing
Other start-up expenses, such as incorporation and permit fees, legal and other professional fees