• Business Law Offering Stability in an Ever-Changing World.

          Franchise Law Fueling Your Growth, to Take You To New Levels

          Technology Law Making the Ordinary Matters, Extraordinary.

  • Blog
  • Contact

Knowledge Your Central Repository for the Latest Legal News, Legal Briefings and Updates.

Author: Sukhi Hansra

Ask Us Anything

When is the right time to start tax planning in your business?

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.

However, I can promise you that even the smallest business can benefit from some simple tax strategy – and the benefit is that you get to keep more money in your pocket earlier!

The ideal time to kickstart your tax strategy isn’t linked to hitting a specific revenue or profit milestone; it’s about getting in the game from the very inception of your business journey. Whether you’re a start-up or a seasoned player, being proactive with your tax planning is your secret sauce for financial success.

Read More »
Sukhi Hansra December 8, 2023
Legal Guide

How to Buy a Profitable Franchise – Everything You Need to Know

Looking for lucrative business ideas? Could a franchise be your perfect solution?

If you’re considering starting a business but are unsure about viable business ideas, buying into a franchise could be your answer.

A franchise provides a market-tested business model and a product that people already love.

For the price of a negotiated royalty, you can buy into a thriving brand that not only gives you a platform to quickly grow a business but also provides the support you need to succeed.

However, while there are obvious benefits to leveraging a franchise model, it’s important to approach the process with due diligence and a well-thought-out plan.

Just as buying into a great franchise can help you launch a growth-ready business, signing up for the wrong franchise can produce a world of pain and financial ruin.

To help you navigate the franchise purchase process, this article explains the key steps involved and important matters to consider when purchasing a franchise.

We’ll provide a comprehensive overview of the process of buying a franchise, including how to find, assess, and secure funding for the right franchise.

Read More »
Sukhi Hansra December 4, 2023
Business Tips

How to Reduce Employee Turnover In Your Business

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.  

Indirect costs, which are due to the impact on productivity and morale, account for two-thirds of the total cost of retention. These statistics highlight the importance of effective employee retention strategies. 

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

Read More »
Sukhi Hansra November 22, 2023
Legal Guide

5 Franchise Killers to Avoid in Your Next Franchise Agreement

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.

Read More »
Sukhi Hansra November 20, 2023
Legal Guide

5 Key Steps to Franchising Your Ontario Business

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!

Read More »
Sukhi Hansra July 26, 2022
Legal Guide

The Green Exodus: How to Take Advantage of the Coming Wave of Failed Retail Cannabis Stores in Ontario

Alongside the rapid growth of legal cannabis in Canada, Ontario has seen a surge in retail cannabis stores.

While the cannabis market’s growth would have left some ruing missed chances to get in early, teething problems and the impact of COVID are presenting new and potentially profitable prospects.

If you’re considering entering the cannabis market, now might be the time for a well-considered bullish stance. This article details why this may be an excellent time to buy an Ontario cannabis business and the legal factors to consider in achieving this objective.

Read More »
Sukhi Hansra April 8, 2022
Legal Guide

You’re About to Launch Your Business – What’s Your Exit Plan? 

An exit plan helps entrepreneurs establish their priorities, and make smart business decisions with a clear goal in mind. But keep in mind, your exit strategy can change as you grow, and as your business grows.

If you take on a business partner or an investor, they’ll have an exit plan that will need to align with yours. Otherwise, you might run into decision making problems, as you and your partner are aiming for different end goals.

Think of it this way – imagine if you and your husband or wife are individually planning a vacation, but both of you haven’t yet discussed your plans with the other. You were hoping to surprise your significant other with a tropical trip to the Bahamas or Jamaica, while your significant other was eagerly planning a historical trip across Europe. While you were out buying swim shorts and snorkeling gear, your partner was gingerly comparing lightweight travel backpacks so that you can each pack light.

Read More »
Sukhi Hansra September 21, 2021
Legal Guide

5 Reasons Why You Should Expand Your US Business to Toronto

According to a new study, 57% of American businesses are considering expanding to Canada.

If your U.S. business wants to expand, you should give this link a good read as to why Toronto’s high-living standard, diverse workforce and strong GDP are just some of the good reasons why you should move your U.S. business to Toronto.

Read More »
Sukhi Hansra September 17, 2021

Hansra Law We help business owners reduce uncertainty and rapidly grow their business

(416) 580-0345

Schedule a FREE discovery call to discuss how we can help launch and grow your business

About 20% of small businesses in Canada fail within their very first year. But it doesn’t have to be that way if you have the right business and legal guidance.

  • We'll walk you through your legal problems in a straight-talking and open way.
  • We'll come up with options and solutions based on your risk and opportunities.
  • We'll prepare an Action Plan designed specifically with your goals in mind, which you can take with you even if you choose not to work with us.
Let's Get Started