Hansra Law - Business Lawyer & Technology Law Firm Toronto

Hansra Law - Business Lawyer & Technology Law Firm Toronto Business law is our expertise - from starting your first company to financing your growth. Hansra La

What should you actually check before buying a private business? Every buyer knows to look at the financials. Far fewer ...
09/07/2026

What should you actually check before buying a private business?

Every buyer knows to look at the financials. Far fewer check the tax accounts, the employee entitlements that transfer automatically under Ontario law, the contracts that die on a change of ownership, or the litigation history of the seller.

The difference between a smooth closing and an expensive surprise is usually a checklist item someone skipped.

This piece gives you the due diligence checklist we work from: the documents to demand, the registries to search, and the questions that catch the problems sellers hope you won't ask about.

/SellBusiness

A due diligence checklist scaled to a private Ontario acquisition, plus the four Ontario searches most checklists leave off, and how to run it.

How long does due diligence actually take when you buy a business? Longer than most buyers plan for, and that mismatch c...
09/03/2026

How long does due diligence actually take when you buy a business?



Longer than most buyers plan for, and that mismatch causes real problems: financing deadlines that expire mid-investigation, sellers who get impatient, and buyers who cut corners to hit a date they picked before they knew what they were checking.



The process runs in stages: assembling the document requests, reviewing the financials and contracts, chasing the gaps, and negotiating what you find into the purchase agreement.



This guide lays out the process step by step, what happens in each stage, and the realistic timeline for a private business deal in Ontario.

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The due diligence process step by step, how long it really takes, and what happens at each stage when you are buying a business in Ontario.

You're ready to make an offer on a business. What actually goes in the letter of intent?More than price. A good LOI sets...
08/31/2026

You're ready to make an offer on a business. What actually goes in the letter of intent?

More than price. A good LOI sets the deal structure, the deposit, the conditions, the exclusivity period, and the timeline, and it decides which of those promises bind you and which stay negotiable.

Get it right and the rest of the deal runs on rails you laid down. Get it wrong and you spend the next three months negotiating uphill against your own signature.

This guide walks through each section of a strong LOI and what it should say, in plain language, with the buyer's leverage protected.

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What to write in a letter of intent when buying a business: the terms to include, and the two clauses buyers most often leave out.

Everyone tells you to do due diligence before buying a business. But what does that actually mean?Due diligence is the o...
08/27/2026

Everyone tells you to do due diligence before buying a business. But what does that actually mean?

Due diligence is the organized investigation of everything you're about to pay for: the financials, the contracts, the employees, the tax history, the litigation nobody mentioned, and the liabilities that transfer with the deal.

It's the stage where good deals get confirmed and bad deals get caught. Skip it or rush it, and the problems you didn't find become yours at closing, at full price.

This piece explains what due diligence covers, who does what, and why the boring checklist work is what saves buyers from the expensive surprises.

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Due diligence means different things in a business purchase, a safety inspection and a background check. Here is what the phrase covers and what to check.

What can you actually do when you own a minority stake in a company and the people in control start squeezing you out?Mo...
08/27/2026

What can you actually do when you own a minority stake in a company and the people in control start squeezing you out?

More than most minority shareholders think.

Ontario law gives you something called the oppression remedy, and courts have called it the broadest shareholder protection in the common-law world. It doesn't require proving anyone broke a contract. It protects your reasonable expectations, and when those are violated, a court can order almost anything, including forcing the majority to buy you out at fair value.

If you're being frozen out of information, cut off from dividends, or watching insiders pay themselves while you get nothing, this guide explains the strongest card in your hand and when to play it.

The oppression remedy is the minority shareholder's strongest protection in Canada. What it covers, what courts can order, and how to use it.

Tempted to grab a sample letter of intent off the internet and send it to a seller?I get why. It's fast, it's free, and ...
08/24/2026

Tempted to grab a sample letter of intent off the internet and send it to a seller?

I get why. It's fast, it's free, and the deal feels simple right now.

But a template doesn't know your deal. It doesn't know whether you're buying assets or shares, what conditions protect you, or which of its clauses are binding in Ontario. Some sample LOIs bind you to things you never meant to agree to, and some concede points a lawyer would have held back for negotiation.

This piece answers the real question: what a sample LOI is safe to use for, where it turns dangerous, and the small set of terms that should never come from a template.

/SellBusiness

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The seller's revenue looks great. But do you know where it actually comes from?A business with a hundred small customers...
08/20/2026

The seller's revenue looks great. But do you know where it actually comes from?

A business with a hundred small customers and a business with three big ones can show the same top line and carry completely different risk. If the biggest customer is 40% of revenue and has no contract, you're not buying a business, you're buying a relationship you've never met.

Reading a target's customer segments is one of the fastest ways to spot a deal that looks better than it is.

This guide shows you what to pull apart: concentration, contracts, churn, and the customers who might walk the day the old owner does.

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A target business's customer list tells you whether the revenue survives the owner leaving. Four ways to cut it, and what a bad answer looks like.

At the heart of all business transactions are two main methods of buying or selling a business: the asset purchase trans...
01/29/2024

At the heart of all business transactions are two main methods of buying or selling a business: the asset purchase transaction and the share purchase transaction. Each method has its own positives and negative business, financial and tax implications.

Deciding between an asset purchase and a share purchase is a complicated matter. Each of these methods has different benefits and drawbacks for the buyer and seller.

If you're considering buying a business anytime soon, you'll want to take some time to know the difference between the two!

At the heart of all business transactions are two main methods of buying or selling a business: the asset purchase transaction and the share purchase transaction. Each method has its own positives and negative business, financial and tax implications.Deciding between an asset purchase and a share pu...

I heard what I think is one of the greatest quotes ever recently: “December is like the weekend of the year… You wake up...
12/13/2023

I heard what I think is one of the greatest quotes ever recently: “December is like the weekend of the year… You wake up hungover, full of cheese, 10 lbs heavier and wondering what the hell happened from January to November” (I’m paraphrasing but thanks, Adam Williams).

So… how was your year?

• Did you get accomplished what you wanted to accomplish?

• Did you reach your goals in your business?

• Did you grow your revenue like you planned you would?

• Or… did it all coming falling apart like big stack of Jenga tiles?

If you didn’t hit your goals, I probably got a good idea as to why.

Dive into our latest Business Tip to uncover why business planning is your secret weapon for goal-crushing success! 📈✨ 🚀

I heard what I think is one of the greatest quotes ever recently: “December is like the weekend of the year… You wake up hungover, full of cheese, 10 lbs heavier and wondering what the hell happened from January to November” (I’m paraphrasing but thanks, Adam Williams).So… how was your yea...

Starting and running a successful business can be challenging. Between developing a viable business plan, designing a pr...
12/11/2023

Starting and running a successful business can be challenging. Between developing a viable business plan, designing a product or service, and building your brand, the going can get tough. Buying into an established franchise can help shorten that process by providing with an already established business, with a proven business model, and backed by a strong brand that works.

Starting and running a successful business can be challenging. Between developing a viable business plan, designing a product or service, and building your brand, the going can get tough. Buying into an established franchise can help shorten that process by providing with an already established busi...

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