Hansra Law - Business Lawyer & Technology Law Firm Toronto

01/29/2024

At the heart of all business transactions are two main methods of buying or selling a business: the asset purchase transaction and the share purchase transaction. Each method has its own positives and negative business, financial and tax implications.

Deciding between an asset purchase and a share purchase is a complicated matter. Each of these methods has different benefits and drawbacks for the buyer and seller.

If you're considering buying a business anytime soon, you'll want to take some time to know the difference between the two!

At the heart of all business transactions are two main methods of buying or selling a business: the asset purchase transaction and the share purchase transaction. Each method has its own positives and negative business, financial and tax implications.Deciding between an asset purchase and a share pu...

12/13/2023

I heard what I think is one of the greatest quotes ever recently: “December is like the weekend of the year… You wake up hungover, full of cheese, 10 lbs heavier and wondering what the hell happened from January to November” (I’m paraphrasing but thanks, Adam Williams).

So… how was your year?

• Did you get accomplished what you wanted to accomplish?

• Did you reach your goals in your business?

• Did you grow your revenue like you planned you would?

• Or… did it all coming falling apart like big stack of Jenga tiles?

If you didn’t hit your goals, I probably got a good idea as to why.

Dive into our latest Business Tip to uncover why business planning is your secret weapon for goal-crushing success! 📈✨ 🚀

I heard what I think is one of the greatest quotes ever recently: “December is like the weekend of the year… You wake up hungover, full of cheese, 10 lbs heavier and wondering what the hell happened from January to November” (I’m paraphrasing but thanks, Adam Williams).So… how was your yea...

12/11/2023

Starting and running a successful business can be challenging. Between developing a viable business plan, designing a product or service, and building your brand, the going can get tough. Buying into an established franchise can help shorten that process by providing with an already established business, with a proven business model, and backed by a strong brand that works.

Starting and running a successful business can be challenging. Between developing a viable business plan, designing a product or service, and building your brand, the going can get tough. Buying into an established franchise can help shorten that process by providing with an already established busi...

12/10/2023

Crafting an effective tax strategy may not be the flashiest part of managing a business, but it's undeniably one of the most critical.

So, when should you start planning your business tax strategy?

Well, the simple answer is: yesterday!

Most business owners think they need to be of a certain size to start planning for taxed and executing on complex and strategic tax planning.

&Finance

This week’s question from our portal “Ask Us Anything” comes from someone who wishes to remain anonymous. When is the right time to start planning for tax strategy in a business? Do I need to make a certain amount of money first? Well, the simple answer is: yesterday!Most business owners think...

12/09/2023

Crafting an effective tax strategy may not be the flashiest part of managing a business, but it's undeniably one of the most critical. So, when should you start planning your business tax strategy?

Most business owners think they need to be of a certain size to start planning for taxes and executing on complex and strategic tax strategies.

The simple answer is: yesterday!

Want to learn more about tax planning in your business?

This week’s question from our portal “Ask Us Anything” comes from someone who wishes to remain anonymous. When is the right time to start planning for tax strategy in a business? Do I need to make a certain amount of money first? Well, the simple answer is: yesterday!Most business owners think...

11/30/2023

Since originally writing this blog post, we've helped countless individuals and business owners located all across the world with strategizing the best ways to open a new company in Canada. From setting up a company in Ontario to ensuring you've got the most tax efficient setup possible - there's a ton of great strategies that we can help implement if you're located internationally and want to open a company in Ontario.

If you want to learn more, you can contact us by visiting our website or calling us at (416) 580-0345.

Since originally writing this blog post originally, we've helped countless individuals and business owners located all across the world with strategizing the best ways to open a new company in Canada. From setting up a company in Ontario to ensuring you've got the most tax efficient setup possible -...

11/27/2023

A franchise is a business model where the franchisor (the owner of the business) grants the franchisee (the individual who buys a franchise location) the right to operate a business using the franchisor's trademark, products/services, and operational systems... or in other words, a franchise is a business in a box!

/SellBusiness

11/24/2023

If you're looking to expand your business and give yourself a bigger market to work with, franchising may be the way to go. Franchising is when you license your business model and trademarks to another party in exchange for a fee. In this Legal Guide, we'll discuss the basics of franchising a business in Ontario. We'll cover topics such as what franchising is, the benefits of franchising, and the process of franchising. If you're thinking of franchising your business, or are just curious about what it entails, then this blog post is for you!

Franchising a business can be a great way to expand your company's reach. It allows you to tap into new markets and grow your brand awareness. franchising can also be a less expensive way to expand than opening up new locations yourself. When you franchise, you are essentially partnering with another party who agrees to operate under your name and brand. This can be a great way to get your foot in the door of a new market without having to invest a lot of time and money into doing so.

If you're looking to expand your business and give yourself a bigger market to work with, franchising may be the way to go. Franchising is when you license your business model and trademarks to another party in exchange for a fee. Franchising a business can be a great way to expand your company's re...

11/22/2023

Are you struggling with high turnover in your business?

It's a problem that impacts a lot of business... and it's a costly problem at that as well!

According to some studies, the cost of replacing an individual employee can range from half to twice the employee’s annual salary. For C-level positions, the cost can go up to 213% of their yearly salary.

So how do you reduce the chances of employee turnover in your business?

Today, I want to share some insights on a topic that’s close to my heart - employee retention. As a business owner, I’ve learned that our employees are our most valuable asset. They are the backbone of our operations, the face of our customer service, and the innovators driving our growth. So, i...

11/20/2023

While franchises are typically great businesses to invest in, you need to be careful of these five franchise killers that could be lurking in your franchise agreement.

A franchise presents a fantastic opportunity to own a successful business by piggybacking on a recognized brand name with a proven operating system. With a franchise, you obtain access to an established network of loyal customers, strong market share, and a solid base on which to rapidly grow your business.

But what starts out as the perfect business opportunity can quickly falter and fail if you don’t pay enough attention to the clauses in your franchise agreement. After years of helping people get out of completely unfair franchise relationships, I’ve seen countless smart and talented business owners driven into bankruptcy by franchise structures that were destined to fail.

In this quick guide, we’ll beam a flashlight on five clauses that can seriously threaten (or even kill) your franchise and what to do about them if you come across something similar in your next franchise investment.

While franchises are typically great businesses to invest in, you need to be careful of these five franchise killers that could be lurking in your franchise agreement. A franchise presents a fantastic opportunity to own a successful business by piggybacking on a recognized brand name with a proven o...

02/06/2023

Tired of burning the midnight oil and working 60 hours a week? Want to work for a firm that values you and a healthy work-life balance? We're looking for a top-notch business lawyer to join our team. We don't believe in sacrificing your personal life for your career, and we'll make sure you have the support you need to succeed without sacrificing your well-being. If you're ready to take the next step in your career while maintaining a healthy balance, apply now and let's see if you've got what it takes to be part of our team.

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