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franchise fees tax deductive cover
December 7, 2022

Are Franchise Fees Tax Deductible?

For any franchise, as far as taxation is concerned, the individual unit (franchisee) is a separate entity from the parent organization (franchisor). The taxation of the franchisee depends on the legal status of the business.The fee structure of the franchise is subject to taxation based on the reason the fee is being paid.To understand this concept
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Strong franchise indicators cover
November 30, 2022

5 Indicators of a Strong Franchise Opportunity

For some entrepreneurs, operating a franchise can be an ideal form of business. The low-investment nature of the system, pre-existing market base, established distribution channels, strong brand and product awareness, as well as the collective bargaining power makes it extremely appealing. However, how do we recognize a strong franchise opportunity that’s worth pursuing? This post
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Retail Payments Regulations cover
November 15, 2022

The Retail Payment Activities Act: Retail Payments Regulations

On April 30, 2021, the federal government introduced An Act Respecting Retail Payment Activities also called the Retail Payment Activities Act (RPAA) as part of the Budget Implementation Bill (Bill C-30). The RPAA outlines the government’s commitment to regulate new and increasingly developing retail payment activities driven by innovative methods and technologies.  The RPAA will
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FMSB license cover
October 26, 2022

Canadian FMSB Registration (Foreign Money Services Business) for Cryptocurrency Businesses

Foreign Money Services Businesses (FMSBs) are similar to Money Service Businesses (MSBs); however, there are some key differences. This article will explain the key criteria for a business to qualify as an FMSB in Canada and will outline the major compliance requirements for an FMSB. TABLE OF CONTENTS Who qualifies as an FMSB? Qualification Requirements
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Franchise agreement early termination cover
October 4, 2022

5 Common Reasons to End a Franchise Agreement Early

A franchisor and franchisee relationship is defined in the Franchise Agreement, which also outlines the length of the partnership, the regulations both have to follow and a contingency to end/terminate the agreement.  However, due to certain circumstances, either party may want to terminate the Franchise agreement prematurely.  There are several factors that may influence either
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Best Business of 2022

Patrola Law - Best Business of 2022

Patrola Law is proud to be selected as one of the best law firms in Surrey on Three Best Rated in the following categories:

Best Business lawyers in Surrey
 

Best Intellectual property lawyers in Surrey

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