Starting a business?

Whether you have decided to start a business because you are seeking financial freedom, looking to be your own boss or pursue a lifelong dream you must ensure that you are prepared and have planned out this life changing venture. There are important steps one must take when starting their own business, from financing your...

We frequently take calls from entrepreneurs wondering about the legal expenses they should expect to incur in starting a business.  Sometimes the business has been operated as a sole proprietor and the entrepreneur recognizes it is time to incorporate a business and other times the entrepreneur is starting a business fresh.  The calls typically follow...

Most provinces and territories of Canada require a certain percentage of the directors of the corporation to be residents of Canada.  However, there are a few exceptions.  Foreign companies and others outside of Canada looking to incorporate in Canada should be aware of these exceptions when determining where in Canada to incorporate.   The following...

Crowdfunding is a high profile means of raising seed capital for start-ups.   Services such as kickstarter and indiegogo are frequently looked to by Canadian companies as potential funding vehicles.   Unfortunately, raising money by crowdfunding services such as these is not a viable option for most Canadian start-up businesses.   The reason being that...

If you have a successful business and would like to grow it, one option available to you is to franchise your concept and sell franchises to other would-be entrepreneurs.   Franchising potentially allows you to add revenue through moneys paid to you by purchasers of franchises and through royalties received by you from franchisees from their...