Oftentimes, a franchise business needs to secure a loan to purchase the equipment necessary for its ongoing success. However, traditional lenders typically require individuals to demonstrate their...
What is Bad Credit Equipment Financing?
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Canadian Franchises
Turnkey Franchises – Everything You Need to Know
You’re probably familiar with the term “turnkey” especially as it relates to buying a house, but perhaps you’re wondering how it relates to starting a franchise business. “A turnkey business is a...
Franchise Lease Negotiation: How to Secure a Commercial Lease Agreement
If you're planning to open a brick-and-mortar franchise, negotiating your commercial lease is one of the most important early steps. The right lease agreement can reduce startup costs, align with...
Tax Deductible Expenses For Canadian Businesses
"Why did the entrepreneur become a chef? So he could write off all his meals as 'research expenses.'" There are plenty of jokes to go around about taxes, but one thing is certain: most people aren’t...
Canada Digital Adoption Program (CDAP) – What Do You Need to Know?
COVID-19 had a widespread impact on businesses and the way they operate. The restrictions that were imposed to various extents around the world severely limited many industries that relied on...
What is the Goods and Services Tax (GST)?
When thinking about fun topics to discuss, taxes don’t usually make the top of the list. However, understanding the various tax codes that relate to you and your business is key to your success. The...
What is a Franchise Agreement?
A franchise agreement is the contract between a franchisor and franchisee outlining the terms of their business relationship and what is expected from each party. It provides the standards that a...
Home-Based Franchises in Canada – What Do You Need to Know?
In today’s evolving workforce, more Canadians are seeking ways to combine the freedom of remote work with the stability of a proven business model. That’s where home-based franchises come in. These...
Master Franchise Agreements – Everything You Need to Know
Master franchising is a multi-unit model that some franchises use to quickly expand their presence in new territories. It offers a win-win-win partnership for everyone involved. Not only does the...
How to Finance a Franchise Purchase in Canada
While business ownership always carries a certain amount of risk, buying a franchise can offer you a more secure path to becoming a business owner. After all, when you buy a reputable franchise, you...