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 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.
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!