Billing & Value
Wright Business Law provides clear, efficient, and cost-predictable legal services for fund sponsors, private issuers, and exempt market participants. We offer fixed-fee, hourly, and ongoing advisory options tailored to the scope and complexity of each mandate.
Each engagement begins with a defined scope, written fixed-fee or estimate, and a retainer agreement. A retainer is required to commence work. Ongoing invoices are issued at least monthly and filing fees or other third-party costs are billed at cost, without markup.
All work is handled directly by senior counsel, ensuring responsive service, clear communication, and advice grounded in both legal and commercial realities.
Transparent Pricing
We believe clarity builds trust. Most projects are billed on a fixed-fee basis, calibrated to scope, complexity, and risk. This allows clients to budget confidently and eliminates the unpredictability of hourly billing.
For ongoing matters and support, we offer monthly retainer arrangements starting at $5,000 per month. Retainer clients receive priority access to counsel, faster turnaround times, and comprehensive support for day-to-day compliance, regulatory questions, and operational matters as they arise.
Typical Fee Ranges
The following represent typical fee ranges for commonly requested services. They are intended to provide a realistic sense of budget. Final pricing may vary depending on structure, jurisdictions involved, and investor profile. All fees are illustrative and subject to confirmation in a written retainer agreement.
For complex private fund formation work, national firms often charge $100,000 to $250,000. Our unique firm structure delivers senior-level fund formation expertise with greater efficiency, responsiveness, and cost predictability.
Real Estate or Mortgage Fund Formation (LP, MFT / REIT)
- Standard: $55,000–$70,000; Complex: $70,000–$95,000
- Typical Client: Real estate or mortgage platforms raising $10M–$50M+ in pooled vehicles.
Includes:
- Entity/trust formation
- OM/PPM preparation
- Subscription documents
- EMD coordination
- Governance and compliance documentation
- Regulatory filing
Private Fund Formation (Non-Real Estate) (LP, MFT)
- Standard: $55,000–$70,000; Complex: $70,000–$95,000
- Typical Client: Fund sponsors forming a structure for pooled private capital raises from straightforward, single-strategy funds to more complex multi-jurisdiction or multi-class offerings.
Includes:
- Entity/trust formation
- OM/PPM preparation
- Subscription documents
- EMD coordination
- Governance and compliance documentation
- Regulatory filing
Streamlined LP Fund (Closed-End, No OM)
- $20,000–$35,000
- Typical Client: Sponsors with a small group of investors, no OM, and limited structural complexity.
Includes:
- LP/GP formation
- Subscription documents
- Governance and compliance documentation
- EMD coordination
- Regulatory filing
Mortgage Investment Corporation (MIC) Formation
- Basic (1–2 share classes): $28,000–$36,000; Multi-class: $36,000–$55,000
- Typical Client: Mortgage brokers and lenders seeking to pool investor capital through a MIC structure.
Includes:
- Incorporation, share structure design, and Income Tax Act MIC qualification considerations
- MIC tailored offering memorandum and disclosure for exempt market capital raises
- Subscription documents and investor onboarding framework
- Governance documentation and shareholder rights structure
- Exempt distribution compliance and regulatory filings
Cross-Border U.S.–Canada Fund Formation
- $75,000–$120,000
- Typical Client: Sponsors raising capital from both Canadian and U.S. investors.
Includes:
- LP/LLC structuring for parallel or feeder funds
- Reg D / Reg S and NI 45-106 harmonization
- Cross-border disclosure and subscription alignment
- Coordination with U.S. counsel
Reg D / Reg S Coordination
- $10,000–$22,000
- Typical Client: Issuers conducting U.S. private placements alongside Canadian exempt offerings.
Includes:
- Reg D / Reg S exemption mapping
- Harmonized disclosure
- Blue Sky filing coordination
Offering Memorandum (Standalone)
- $18,000–$28,000
- Typical Client: Issuers raising $1M–$20M under the OM exemption.
Includes:
- Drafting
- Risk factor development
- Marketing and sales compliance review
- Regulatory filing
Private Placement Memorandum (PPM)
- $18,000–$28,000
- Typical Client: Accredited Investor offerings for private equity, venture, and alternative funds.
Includes:
- Drafting PPM
- Investor disclosure alignment
Limited Partnership Agreement (Standalone)
- $15,000–$22,000
- Typical Client: Sponsors requiring an LPA for SPVs, co-investments, or smaller pooled vehicles.
Includes:
- Drafting or restatement
- Waterfall/economics design
- Governance and admission terms
Exempt Market Dealer / Registrant Compliance Support
- $15,000–$28,000
- Typical Client: EMDs, PMs, and IFMs requiring NI 31-103 compliance, filings, or reviews.
Includes:
- Policies and procedures
- Marketing/website review
- Registration updates and support
- Compliance Review
Form 45-106F1 & SEDAR+ Exempt Distribution Filings
- $1,500+ (per filing)
Includes:
- Filing preparation and submission
- Jurisdictional analysis
SEDAR+ Annual Filing Package (Up to 15 Filings Per Year)
- $18,000 per year (paid quarterly in advance)
- Typical Client: Issuers and fund managers with recurring exempt distribution filings (e.g. monthly) or continuous disclosure updates requiring predictable annual legal support.
Includes:
- Up to 15 SEDAR+ filings per year
- Preparation and submission of Form 45-106F1 filings
- Jurisdictional analysis for each closing
- Coordination of amendments or updated filings
- Calendar management for recurring obligations
- Priority turnaround times
Fund Amendments, Closings & Supplemental Offerings
- $3,000–$8,500
- Typical Client: Fund sponsors conducting additional closings, admitting new investors, updating existing fund documents, or implementing mid-year amendments to respond to operational, investor, or regulatory changes.
Going Public / Stock Exchange Listing (CSE, TSX-V, Cboe Canada)
- $75,000–$165,000
- Typical Client: Growth-stage issuers transitioning from private to public markets.
Includes:
- Structuring and reorganization
- Prospectus or listing statement
- Exchange/commission filings
- Coordination with underwriters and auditors
Ongoing Advisory & Compliance Support (Monthly Retainer)
- $5,000–$10,000+ per month
- Typical Client: Fund managers requiring ongoing compliance support, ad-hoc questions, document amendments, and regular advisory services.
Includes:
- Comprehensive compliance and regulatory support
- Regular check-in calls
- Form 45-106F1 filings and regulatory submissions
- Review of investor communications and marketing materials
- Priority response times
