Starting your own restaurant could be exciting and … process. Whether you start a small family owned restaurant or a next big thing in the industry, there are some basic legal and administrative steps that you must do in order to make the process more efficient and to avoid unnecessary future complications. Here I will show the main legal steps to make when you open a restaurant. 1. Lease of a place. Although not the most important step, but if done incorrectly, this could result in tens of thousands of dollars of losses even before you have started your business operations. In addition to reading and understanding the proposed lease agreement, before you sing it, you should verify the Zoning of the place. Even when leasing a place with the existing food establishment, don’t underestimate the importance of this step. Many municipalities change or update their zoning, but would allow the existing business to operate despite their non-compliance. This process is called “grandfathering”. In such case, the current zoning of a place might prevent you from operating your new restaurant even in the same place where previous business was also a restaurant. 2. Incorporate your business Restaurant operations impose many material liabilities on its owners - health and safety of employees, food poisoning, fire damages and more. We would never suggest operating a restaurant as a sole proprietorship and endanger your personal assets for the payment of potential liabilities and damages. For additional information, please see our detailed videos about incorporation and sole proprietorship: www.youtube.com/watch?v=7Ca9e... www.youtube.com/watch?v=2KsJZ... 3. Licensing. This is a general name for many aspects of running a restaurant: Municipal business license Health department approval for restaurant operations LLBO - license to serve alcohol for clients. The application process for LLBO is extensive and might be complicated. Please keep in mind that the process might take 8 - 12 weeks, so start it well ahead of time. WSIB -don’t forget to register for WSIB in Ontario to make sure your employees are covered by the mandatory government insurance. Pay attention to the provisions excluding executive managers from such coverage and plan your team accordingly (see below). 4. Organize your team Have a proper determination of your relations with partners, employees and subcontractors. Prepare and sign proper documents and agreements to make sure each party understands their rights, responsibilities, obligations and entitlements. Partnership agreement, employment agreement and subcontractor agreement will assist you in organizing your relations with the team and making sure you do not have to deal with many unnecessary conflicts, disputes and claims in the future. Once you have 5-7 employees start preparing and implementing workplace policies and procedures to ensure your workplace compliance with the relevant laws and regulations. 5. Taxes. In addition to a regular business registration, we suggest registering for HST as soon as you start your initial operations. Even when there are no sales yet and you hadn’t started your sales, it still makes sense to register since the HST registration will allow you to receive a refund of all HST payments you’ve made for renovation and purchase of equipment. So, talk to your accountant or to our team to make sure you have proper Tax registrations and ready to apply for HST refunds when the time comes. 6. Operating documents Operating documents for a restaurant are relatively simple and do not require particular knowledge or skills. You do not need sales agreements or terms and conditions of service, but you still should pay careful attention to supplier’s contracts, website terms and conditions and privacy policy and more. At CBES, we have an extensive experience in organizing and supporting business operations of a restaurant. From a small family owned establishment to a multiple locations chain of restaurants - we can assist you in organizing and developing your business in the most efficient and protected manner and will help you avoiding mistakes that might cost thousands of dollars in the future. Our website - cbes.ca/ Facebook - facebook.com/CanadianBiz LinkedIn - www.linkedin.com/company/cbes All information provided in this video is for informational and reference purpose only. Nothing contained herein shall be considered as a legal advice or instructions to be acted upon. CBES - Canadian Business and Enterprise Services does not offer legal advice online or on its UA-cam channel. Please consult a professional before you act in reliance on the information contained in our videos. ua-cam.com/video/pjE36xq1_eI/v-deo.html Starting your own restaurant could be exciting and … process. Whether you start a small family owned restaurant or a next big thing in the industry, there are some basic legal and administrative steps that you must do in order to make the process more efficient and to avoid unnecessary future complications. Here I will show the main legal steps to make when you open a restaurant. 1. Lease of a place. Although not the most important step, but if done incorrectly, this could result in tens of thousands of dollars of losses even before you have started your business operations. In addition to reading and understanding the proposed lease agreement, before you sing it, you should verify the Zoning of the place. Even when leasing a place with the existing food establishment, don’t underestimate the importance of this step. Many municipalities change or update their zoning, but would allow the existing business to operate despite their non-compliance. This process is called “grandfathering”. In such case, the current zoning of a place might prevent you from operating your new restaurant even in the same place where previous business was also a restaurant. 2. Incorporate your business Restaurant operations impose many material liabilities on its owners - health and safety of employees, food poisoning, fire damages and more. We would never suggest operating a restaurant as a sole proprietorship and endanger your personal assets for the payment of potential liabilities and damages. For additional information, please see our detailed videos about incorporation and sole proprietorship: www.youtube.com/watch?v=7Ca9e... www.youtube.com/watch?v=2KsJZ... 3. Licensing. This is a general name for many aspects of running a restaurant: Municipal business license Health department approval for restaurant operations LLBO - license to serve alcohol for clients. The application process for LLBO is extensive and might be complicated. Please keep in mind that the process might take 8 - 12 weeks, so start it well ahead of time. WSIB -don’t forget to register for WSIB in Ontario to make sure your employees are covered by the mandatory government insurance. Pay attention to the provisions excluding executive managers from such coverage and plan your team accordingly (see below). 4. Organize your team Have a proper determination of your relations with partners, employees and subcontractors. Prepare and sign proper documents and agreements to make sure each party understands their rights, responsibilities, obligations and entitlements. Partnership agreement, employment agreement and subcontractor agreement will assist you in organizing your relations with the team and making sure you do not have to deal with many unnecessary conflicts, disputes and claims in the future. Once you have 5-7 employees start preparing and implementing workplace policies and procedures to ensure your workplace compliance with the relevant laws and regulations. 5. Taxes. In addition to a regular business registration, we suggest registering for HST as soon as you start your initial operations. Even when there are no sales yet and you hadn’t started your sales, it still makes sense to register since the HST registration will allow you to receive a refund of all HST payments you’ve made for renovation and purchase of equipment. So, talk to your accountant or to our team to make sure you have proper Tax registrations and ready to apply for HST refunds when the time comes. 6. Operating documents Operating documents for a restaurant are relatively simple and do not require particular knowledge or skills. You do not need sales agreements or terms and conditions of service, but you still should pay careful attention to supplier’s contracts, website terms and conditions and privacy policy and more. At CBES, we have an extensive experience in organizing and supporting business operations of a restaurant. From a small family owned establishment to a multiple locations chain of restaurants - we can assist you in organizing and developing your business in the most efficient and protected manner and will help you avoiding mistakes that might cost thousands of dollars in the future. Our website - cbes.ca/ Facebook - facebook.com/CanadianBiz LinkedIn - www.linkedin.com/company/cbes All information provided in this video is for informational and reference purpose only. Nothing contained herein shall be considered as a legal advice or instructions to be acted upon. CBES - Canadian Business and Enterprise Services does not offer legal advice online or on its UA-cam channel. Please consult a professional before you act in reliance on the information contained in our videos. ua-cam.com/video/pjE36xq1_eI/v-deo.html
I am a Bangladeshi. I work in Oman. But my salary here is very low. Monthly 250 dollars. It does not belong to my parents, my brothers and sisters. I cannot afford their medical expenses. So I want a job in Canada. I agree to do any work for less. Please have a great kind person give me work in Canada. And I will repay her trust. my number +96894545164
I want to open my first restaurant in my town and I was wondering what are some of the first steps I should take? I want to rent/lease a location, I plan on initially doing a one man operation of take out/delivery only- that could change, I have decided on menu, and chosen company and business names. So very early planning but I’d like some direction on where to go from here.
I was thinking of opening up a " take out" only small restaurant in Montreal but your advice on mistakes not to make seems pretty complicated and expensive????
Valentina, overall, the process is mostly the same. There are two differences - one is that airport authorities would usually publish a RFQ for one of available places and you have to bid with others to win the place. Two - airport will have its own compliance requirements that other places do not have. Otherwise - the process is the same and you would definitely want to incorporate to avoid any future legal liabilities and protect your personal assets.
Very well summarized. Do we buy the assets with company name after registering the company? Every asset like websites/email hosting etc? would that lower the taxable income?
Preferably yes- name and websites are the assets of the business and you can buy them if you want. It is important to include all these in the purchase agreement in order to avoid future complications. That will not lower the taxable income, but the purchasing cost will be deducted from future income to reduce tax liabilities.
Prathmesh, Most of our services are offered as a service - we prepare the documents and take care of the process. That being said, there are certain processes that you should at least know how to operate them, in this case we train your team or provide guidance.
Deore, overall, yes. But there is a catch - the LLBO license is based on the personal data of the company's directors and managers. So the process should be - you buy a business and as a part of the purchase, you insist on the seller agreeing for you to continue to use their LLBO until a proper transfer of the license is done. The seller also must asssit you with the transfer process...
thank you Jackson. Feel free to ask for additional issues relating to starting and operating a business in Canada and I'll do my best to make corresponding videos.
Our Hope, it is hard to tell exactly, since there are questions of renovations, purchase of equipment and more. From the legal perspective, there will be the following expenses (some optional): 1. Incorporation and corporate documents - approx. $1,500 - $2,000 2. LLBO license (optional in case you plan to offer alcohol) - $2,000 3. Employment documents for workers (optional) - $750 - $1,000 You will also have to obtain business license from the municipality where the restaurant will be located, but you can do it yourself.
Hello, currently...we are decorating and assisting a new bar/restaurant, opening is postponed due to covid, incorporated, located in yorkville - ON and 5 people already on payroll...CERS eligible?? or other program you'd suggest?? thanks
Bahaa, I do not know all the requirements for CEBA and other support programs, but most of them will require that a business was operating before COVID. With regards to other sources of support - BDC would be your best source, they are a govt organization providing support loans for small-medium businesses.
I’am a US citizen and have never went to Canada, but I would like to open a business there in a near future, are there any special requirements for me?
Hi, no special requirements. I am about to post a video that will clarify these issues, but overall there are no limitations on foreign ownership or management of Canadian corporations.
If someone wants to open a very small shop where food and drinks r displayed with pricing and sol e proprietor. pick up only, with 1 kitchen and one front selling display.. Will it be very difficult to attain this goal?
Shahina, I think that the problem is not in achieving this goal - it should be easy. The problem is why would you want to do it as a sole proprietor. If someone is injured or poisoned by the food/drinks, you will be personally responsible for all the damages (the fact that your business is small does not mean that your risks are small too)... With food industry, I cannot understand why people would decide not to incorporate especially since the costs of incorproation are relative low.
To be very honest about it - no one knows :-) :-) :-) They receive a lot of cash, so hard to follow up. But in my experience, if you have a good cook, good food and nice environment - you will make more than any employee in Canada...
Krishnasundar, in order to work in a restaurant you will need a regular foreign worker permit that is being issued by the govn-t of Canada. If the idea is to open a restaurant and to use it for immigration to Canada, you will need to obtain a similar foreign worker permit, but as the owner/co-owner of the restaurant. The process for both is relatively complicated and will require an involvement of a local Canadian immigration consultant.
Hi Phalla, First of all - make sure there are no existing liabilities of the restaurant (claims, investigations, taxes!). I would suggest to consider the process of assets purchase and not shares - this way you will be able to limit some of the existing liabilities. You should decide what happens with employees of the business - if they continue with you, you will be responsible for all their employment related rights (length of termination notice, severance pay, vacation etc). Licenses - make sure all are up to date and will be able to transfer to the new ownership. Good luck...
I am a Bangladeshi. I work in Oman. But my salary here is very low. Monthly 250 dollars. It does not belong to my parents, my brothers and sisters. I cannot afford their medical expenses. So I want a job in Canada. I agree to do any work for less. Please have a great kind person give me work in Canada. And I will repay her trust. my number +96894545164
Hi Eugene, should I proprietorship or incorporate my amazon business if I’m selling cookies? I own no assets and very small investment. Any help is appropriated.
Farid, you've listed most of the right considerations. The product is risky (someone could get a poisoning, allergy or some other issue with the food) so you should be ready for potential legal claims. Having no assets is a consideration too, so you have nothing to lose. BUT! I hope you are doing your business to make some money and to succeed - this is an asset of yours too, which you can lose, or even more hopefully - you will make lots of money from selling cookies. In all these scenarios, corporation is a better fit. That being said, you can try operating as a SP for now and incorporate later when you see that the business is growing. Anyways - good luck with the business...
Maninder, yes we can assist you with starting your business in Canada (Ontario). We can help you completing all the suggestions in the video - from incorporating your corporation in the most efficient way to preparing and administering LLBO license application (license to sell alcohol). Please feel free to contact me upon your arrival to Canada and we will schedule a meeting.
Harmandeep, I've answered a similar question before. To open an Indian (or any other) restaurant, you should incorporate, have proper licenses by the local government (municipality building, fire and health departments), LLBO license (to sell alcohol), and that's it... These requirements apply to Ontario and might be a bit different in other provinces..
Yes. It just would require a proper due diligence. Also keep in mind various legal liabilities that might arise after your investment and make sure that these are covered by a proper shares purchase (or investment) agreement.
![How To Easily Write A Restaurant Business Plan [Step-by-step] | open a restaurant 2022](http://i.ytimg.com/vi/_blbvTMwNEM/mqdefault.jpg)
![How To Easily Write A Restaurant Business Plan [Step-by-step] | open a restaurant 2022](/img/tr.png)
Starting your own restaurant could be exciting and … process. Whether you start a small family owned restaurant or a next big thing in the industry, there are some basic legal and administrative steps that you must do in order to make the process more efficient and to avoid unnecessary future complications. Here I will show the main legal steps to make when you open a restaurant.
1. Lease of a place.
Although not the most important step, but if done incorrectly, this could result in tens of thousands of dollars of losses even before you have started your business operations.
In addition to reading and understanding the proposed lease agreement, before you sing it, you should verify the Zoning of the place. Even when leasing a place with the existing food establishment, don’t underestimate the importance of this step. Many municipalities change or update their zoning, but would allow the existing business to operate despite their non-compliance. This process is called “grandfathering”. In such case, the current zoning of a place might prevent you from operating your new restaurant even in the same place where previous business was also a restaurant.
2. Incorporate your business
Restaurant operations impose many material liabilities on its owners - health and safety of employees, food poisoning, fire damages and more. We would never suggest operating a restaurant as a sole proprietorship and endanger your personal assets for the payment of potential liabilities and damages.
For additional information, please see our detailed videos about incorporation and sole proprietorship:
www.youtube.com/watch?v=7Ca9e...
www.youtube.com/watch?v=2KsJZ...
3. Licensing.
This is a general name for many aspects of running a restaurant:
Municipal business license
Health department approval for restaurant operations
LLBO - license to serve alcohol for clients. The application process for LLBO is extensive and might be complicated. Please keep in mind that the process might take 8 - 12 weeks, so start it well ahead of time.
WSIB -don’t forget to register for WSIB in Ontario to make sure your employees are covered by the mandatory government insurance. Pay attention to the provisions excluding executive managers from such coverage and plan your team accordingly (see below).
4. Organize your team
Have a proper determination of your relations with partners, employees and subcontractors. Prepare and sign proper documents and agreements to make sure each party understands their rights, responsibilities, obligations and entitlements.
Partnership agreement, employment agreement and subcontractor agreement will assist you in organizing your relations with the team and making sure you do not have to deal with many unnecessary conflicts, disputes and claims in the future.
Once you have 5-7 employees start preparing and implementing workplace policies and procedures to ensure your workplace compliance with the relevant laws and regulations.
5. Taxes.
In addition to a regular business registration, we suggest registering for HST as soon as you start your initial operations. Even when there are no sales yet and you hadn’t started your sales, it still makes sense to register since the HST registration will allow you to receive a refund of all HST payments you’ve made for renovation and purchase of equipment. So, talk to your accountant or to our team to make sure you have proper Tax registrations and ready to apply for HST refunds when the time comes.
6. Operating documents
Operating documents for a restaurant are relatively simple and do not require particular knowledge or skills. You do not need sales agreements or terms and conditions of service, but you still should pay careful attention to supplier’s contracts, website terms and conditions and privacy policy and more.
At CBES, we have an extensive experience in organizing and supporting business operations of a restaurant. From a small family owned establishment to a multiple locations chain of restaurants - we can assist you in organizing and developing your business in the most efficient and protected manner and will help you avoiding mistakes that might cost thousands of dollars in the future.
Our website - cbes.ca/
Facebook - facebook.com/CanadianBiz
LinkedIn - www.linkedin.com/company/cbes
All information provided in this video is for informational and reference purpose only. Nothing contained herein shall be considered as a legal advice or instructions to be acted upon. CBES - Canadian Business and Enterprise Services does not offer legal advice online or on its UA-cam channel. Please consult a professional before you act in reliance on the information contained in our videos.
ua-cam.com/video/pjE36xq1_eI/v-deo.html
Starting your own restaurant could be exciting and … process. Whether you start a small family owned restaurant or a next big thing in the industry, there are some basic legal and administrative steps that you must do in order to make the process more efficient and to avoid unnecessary future complications. Here I will show the main legal steps to make when you open a restaurant.
1. Lease of a place.
Although not the most important step, but if done incorrectly, this could result in tens of thousands of dollars of losses even before you have started your business operations.
In addition to reading and understanding the proposed lease agreement, before you sing it, you should verify the Zoning of the place. Even when leasing a place with the existing food establishment, don’t underestimate the importance of this step. Many municipalities change or update their zoning, but would allow the existing business to operate despite their non-compliance. This process is called “grandfathering”. In such case, the current zoning of a place might prevent you from operating your new restaurant even in the same place where previous business was also a restaurant.
2. Incorporate your business
Restaurant operations impose many material liabilities on its owners - health and safety of employees, food poisoning, fire damages and more. We would never suggest operating a restaurant as a sole proprietorship and endanger your personal assets for the payment of potential liabilities and damages.
For additional information, please see our detailed videos about incorporation and sole proprietorship:
www.youtube.com/watch?v=7Ca9e...
www.youtube.com/watch?v=2KsJZ...
3. Licensing.
This is a general name for many aspects of running a restaurant:
Municipal business license
Health department approval for restaurant operations
LLBO - license to serve alcohol for clients. The application process for LLBO is extensive and might be complicated. Please keep in mind that the process might take 8 - 12 weeks, so start it well ahead of time.
WSIB -don’t forget to register for WSIB in Ontario to make sure your employees are covered by the mandatory government insurance. Pay attention to the provisions excluding executive managers from such coverage and plan your team accordingly (see below).
4. Organize your team
Have a proper determination of your relations with partners, employees and subcontractors. Prepare and sign proper documents and agreements to make sure each party understands their rights, responsibilities, obligations and entitlements.
Partnership agreement, employment agreement and subcontractor agreement will assist you in organizing your relations with the team and making sure you do not have to deal with many unnecessary conflicts, disputes and claims in the future.
Once you have 5-7 employees start preparing and implementing workplace policies and procedures to ensure your workplace compliance with the relevant laws and regulations.
5. Taxes.
In addition to a regular business registration, we suggest registering for HST as soon as you start your initial operations. Even when there are no sales yet and you hadn’t started your sales, it still makes sense to register since the HST registration will allow you to receive a refund of all HST payments you’ve made for renovation and purchase of equipment. So, talk to your accountant or to our team to make sure you have proper Tax registrations and ready to apply for HST refunds when the time comes.
6. Operating documents
Operating documents for a restaurant are relatively simple and do not require particular knowledge or skills. You do not need sales agreements or terms and conditions of service, but you still should pay careful attention to supplier’s contracts, website terms and conditions and privacy policy and more.
At CBES, we have an extensive experience in organizing and supporting business operations of a restaurant. From a small family owned establishment to a multiple locations chain of restaurants - we can assist you in organizing and developing your business in the most efficient and protected manner and will help you avoiding mistakes that might cost thousands of dollars in the future.
Our website - cbes.ca/
Facebook - facebook.com/CanadianBiz
LinkedIn - www.linkedin.com/company/cbes
All information provided in this video is for informational and reference purpose only. Nothing contained herein shall be considered as a legal advice or instructions to be acted upon. CBES - Canadian Business and Enterprise Services does not offer legal advice online or on its UA-cam channel. Please consult a professional before you act in reliance on the information contained in our videos.
ua-cam.com/video/pjE36xq1_eI/v-deo.html
I am a Bangladeshi.
I work in Oman. But my salary here is very low. Monthly 250 dollars. It does not belong to my parents, my brothers and sisters. I cannot afford their medical expenses.
So I want a job in Canada.
I agree to do any work for less.
Please have a great kind person give me work in Canada.
And I will repay her trust.
my number +96894545164
Very informative. Although very discouraging if you are only daydreaming about a food business. You need to be committed about this 100%
I finally got my business loan yesterday. What a wonderful way to start the year.
Hi can you please share the process ? I am looking for the guidance . Thank you
Yes, please do share the process or/and tip.. Thanks!
Thanks Eugene, I never would have thought about registering with CRA early. Great tips!
Thank you Mokili. Don't forget the disclaimer - speak with your accountant before :-)
Good luck!
I appreciate you for sharing valuable knowledge.
Thank you!
Thank you so much for the information! I want to know how to find the place
This is very helpful video ,thanks for sharing . May I have check list please ?
Thanks very much I really appreciate your effort
Hello Sir
I want to open a Restaurant in Canada. how much total investment for this for a small restaurant
I want to open my first restaurant in my town and I was wondering what are some of the first steps I should take? I want to rent/lease a location, I plan on initially doing a one man operation of take out/delivery only- that could change, I have decided on menu, and chosen company and business names. So very early planning but I’d like some direction on where to go from here.
I was thinking of opening up a " take out" only small restaurant in Montreal but your advice on mistakes not to make seems pretty complicated and expensive????
Thank you so much, can you also show how to open a restaurant at airport please.
Valentina, overall, the process is mostly the same. There are two differences - one is that airport authorities would usually publish a RFQ for one of available places and you have to bid with others to win the place. Two - airport will have its own compliance requirements that other places do not have.
Otherwise - the process is the same and you would definitely want to incorporate to avoid any future legal liabilities and protect your personal assets.
@@businessincanada-doitright1822 Thank you so much. 🙏 will keep an eye on RFQ
Very helpful video!
Very useful Thank you
Hey ,
What is the name of licences I need to get from city and how long that will take ?
Thank you
Very well summarized. Do we buy the assets with company name after registering the company? Every asset like websites/email hosting etc? would that lower the taxable income?
Preferably yes- name and websites are the assets of the business and you can buy them if you want. It is important to include all these in the purchase agreement in order to avoid future complications. That will not lower the taxable income, but the purchasing cost will be deducted from future income to reduce tax liabilities.
do you provide guidence or do all the document work and legal process behalf of your client ?
Prathmesh,
Most of our services are offered as a service - we prepare the documents and take care of the process. That being said, there are certain processes that you should at least know how to operate them, in this case we train your team or provide guidance.
Awesome
useful content!!!!
Thank you!
Great video!
Thank you!
can you buy LLBO license from existing restaurant that used to operate from the place you are considering to lease?
Deore, overall, yes. But there is a catch - the LLBO license is based on the personal data of the company's directors and managers. So the process should be - you buy a business and as a part of the purchase, you insist on the seller agreeing for you to continue to use their LLBO until a proper transfer of the license is done. The seller also must asssit you with the transfer process...
Can you do a Bruno impression
such a good channel
thank you Jackson. Feel free to ask for additional issues relating to starting and operating a business in Canada and I'll do my best to make corresponding videos.
For Example If Someone Wants To Open Restaurant Small One How Much It Cost Everything Thanks
Our Hope, it is hard to tell exactly, since there are questions of renovations, purchase of equipment and more.
From the legal perspective, there will be the following expenses (some optional):
1. Incorporation and corporate documents - approx. $1,500 - $2,000
2. LLBO license (optional in case you plan to offer alcohol) - $2,000
3. Employment documents for workers (optional) - $750 - $1,000
You will also have to obtain business license from the municipality where the restaurant will be located, but you can do it yourself.
Make video on how to open a supplement store in Canada ?
Will do
Hello, currently...we are decorating and assisting a new bar/restaurant, opening is postponed due to covid, incorporated, located in yorkville - ON and 5 people already on payroll...CERS eligible?? or other program you'd suggest?? thanks
Bahaa, I do not know all the requirements for CEBA and other support programs, but most of them will require that a business was operating before COVID.
With regards to other sources of support - BDC would be your best source, they are a govt organization providing support loans for small-medium businesses.
@@businessincanada-doitright1822 thank you very much for tor useful info and I will check with BDC!
Useful 👍
I’am a US citizen and have never went to Canada, but I would like to open a business there in a near future, are there any special requirements for me?
Hi, no special requirements. I am about to post a video that will clarify these issues, but overall there are no limitations on foreign ownership or management of Canadian corporations.
If someone wants to open a very small shop where food and drinks r displayed with pricing and sol e proprietor. pick up only, with 1 kitchen and one front selling display.. Will it be very difficult to attain this goal?
Shahina, I think that the problem is not in achieving this goal - it should be easy. The problem is why would you want to do it as a sole proprietor. If someone is injured or poisoned by the food/drinks, you will be personally responsible for all the damages (the fact that your business is small does not mean that your risks are small too)...
With food industry, I cannot understand why people would decide not to incorporate especially since the costs of incorproation are relative low.
How much restaurant owners earn annually average ?
To be very honest about it - no one knows :-) :-) :-)
They receive a lot of cash, so hard to follow up. But in my experience, if you have a good cook, good food and nice environment - you will make more than any employee in Canada...
Which Visa is required, if an Indian have to start take out restaurant in Ontario?
Krishnasundar, in order to work in a restaurant you will need a regular foreign worker permit that is being issued by the govn-t of Canada. If the idea is to open a restaurant and to use it for immigration to Canada, you will need to obtain a similar foreign worker permit, but as the owner/co-owner of the restaurant.
The process for both is relatively complicated and will require an involvement of a local Canadian immigration consultant.
Вы русскоязычный? Как с вами связаться. Спасибо.
👍👍
Hi, I am looking into buying a restaurant from a family friend, any suggestions?? Thanks
Hi Phalla,
First of all - make sure there are no existing liabilities of the restaurant (claims, investigations, taxes!).
I would suggest to consider the process of assets purchase and not shares - this way you will be able to limit some of the existing liabilities.
You should decide what happens with employees of the business - if they continue with you, you will be responsible for all their employment related rights (length of termination notice, severance pay, vacation etc).
Licenses - make sure all are up to date and will be able to transfer to the new ownership.
Good luck...
Business in Canada - Do it Right! Thank you so much for your help!🙏🏾
@@phallasok1513 Good Luck and let me know if I could be of any assistance.
I am a Bangladeshi.
I work in Oman. But my salary here is very low. Monthly 250 dollars. It does not belong to my parents, my brothers and sisters. I cannot afford their medical expenses.
So I want a job in Canada.
I agree to do any work for less.
Please have a great kind person give me work in Canada.
And I will repay her trust.
my number +96894545164
Register HST by simply obtaining the HST number right?
Correct, you have to call (or mail in a form) to CRA and request the HST registration.
Hi Eugene, should I proprietorship or incorporate my amazon business if I’m selling cookies? I own no assets and very small investment. Any help is appropriated.
Farid, you've listed most of the right considerations. The product is risky (someone could get a poisoning, allergy or some other issue with the food) so you should be ready for potential legal claims.
Having no assets is a consideration too, so you have nothing to lose. BUT! I hope you are doing your business to make some money and to succeed - this is an asset of yours too, which you can lose, or even more hopefully - you will make lots of money from selling cookies. In all these scenarios, corporation is a better fit.
That being said, you can try operating as a SP for now and incorporate later when you see that the business is growing.
Anyways - good luck with the business...
Business in Canada - Do it Right! 🙏
hello
Soon i will be on Ontario ,wish to start a new restaurant business in Canada.could u please help/assist me in any way.
Maninder, yes we can assist you with starting your business in Canada (Ontario).
We can help you completing all the suggestions in the video - from incorporating your corporation in the most efficient way to preparing and administering LLBO license application (license to sell alcohol).
Please feel free to contact me upon your arrival to Canada and we will schedule a meeting.
Let me know how to open an Indian restaurant in canada
Hello sir,
There are any special requirements to start an Indiana food restaurant in canada.
Harmandeep, I've answered a similar question before.
To open an Indian (or any other) restaurant, you should incorporate, have proper licenses by the local government (municipality building, fire and health departments), LLBO license (to sell alcohol), and that's it...
These requirements apply to Ontario and might be a bit different in other provinces..
Can I invest in a restaurant buiesness company
Yes. It just would require a proper due diligence. Also keep in mind various legal liabilities that might arise after your investment and make sure that these are covered by a proper shares purchase (or investment) agreement.
Go to school that's the first step
I want to open a indian sweet shop
So please help me for this
I have 20 years experience
And i have 200,000$
Pawan, with pleasure. Please send me an email to info@cbes.ca and we can take from there.
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