Legal services provided by P.J. Richer Law Corp

Practice Areas

Corporate & Business Law

We advise small and mid-sized companies on a wide variety of corporate law matters from incorporation and other business structures, to buying or selling companies. We help with employment contracts as well as with creating or reviewing other contracts. Our job is to offer you clear, understandable advice that makes your company run better.

Contact Us

Corporate &
Business Law Services

At TLR Law, we understand the unique challenges and opportunities that businesses in Manitoba face. Our experienced team provides comprehensive legal services to support your business at every stage of its journey. We offer reliable, affordable advice tailored to your specific needs.

Contact Us

Corporate &
Business Law

Uncommon Legal Advice For
Common Business Issues

We’re not your typical law firm. Our focus is on helping families and small businesses with many of the most common legal situations they face. We listen. We give good advice. And we take time to ensure you understand your legal standing. 

Contact Us

We work with small and mid-sized Manitoba companies on a variety of legal matters from incorporation and other business structures, to buying or selling companies. We help with employment contracts as well as with creating or reviewing other contracts. Our job is to offer you clear, understandable advice that makes your company run better.

Legal Workshop For Owners & Managers

Avoid costly legal landmines for your business at our special legal workshop for small and mid-sized businesses. This is a unique opportunity for your company to work with experienced lawyers to protect yourself from common business problems at a fraction of the regular cost. Don’t miss out.

Limited Space Available!

Free Guide To Incorporating In Manitoba

Starting a company in Manitoba? Here’s what you need to know.

Download Your Guide

Core Business Services

Incorporation Services

We offer affordable, attorney-guided incorporation to help you launch your business on a solid legal foundation.

Learn More

Buying a Business

Our team provides comprehensive support for entrepreneurs looking to acquire an existing business, from due diligence to closing the deal.

Explore Buying

Selling a Business

When it's time to transition, we guide you through the process of selling your business to maximize value and ensure a smooth transaction.

Discover Selling

Additional Business Law Services

Contracts and Agreements

We draft, review, and negotiate a wide range of business contracts to protect your interests and facilitate smooth operations. From employment agreements to vendor contracts, we ensure your legal documents are clear, enforceable, and aligned with your business goals.

Mergers and Acquisitions

Whether you're looking to expand through acquisition or considering a merger, our team guides you through the complex legal landscape. We conduct thorough due diligence, structure transactions, and negotiate terms to maximize value and minimize risk.

Corporate Governance

Establish a strong foundation for your business with our corporate governance services. We assist in developing governance policies, advising boards of directors, and ensuring compliance with relevant laws and regulations.

Contracts and Agreements

We draft, review, and negotiate a wide range of business contracts to protect your interests and facilitate smooth operations. From employment agreements to vendor contracts, we ensure your legal documents are clear, enforceable, and aligned with your business goals.

Mergers and Acquisitions

Whether you're looking to expand through acquisition or considering a merger, our team guides you through the complex legal landscape. We conduct thorough due diligence, structure transactions, and negotiate terms to maximize value and minimize risk.

Corporate Governance

Establish a strong foundation for your business with our corporate governance services. We assist in developing governance policies, advising boards of directors, and ensuring compliance with relevant laws and regulations.

Tax Planning

While we work closely with accountants and tax professionals, we provide legal guidance on tax-efficient business structures and transactions. Our aim is to help you navigate tax laws and optimize your business operations within the legal framework.

Corporate Restructuring

When your business needs to adapt, we're here to help. Our restructuring services include reorganizing business entities, implementing succession plans, and advising on debt restructuring—all designed to position your business for future success.

Family Trusts

We assist in establishing and managing family trusts as part of your overall business and succession planning strategy. Our team ensures your trust aligns with your goals for asset protection, tax efficiency, and wealth transfer.

Starting your own business

When launching your own business, you will need to choose the legal form of your operation. You can structure your business in several different ways. Two popular types of business models are the sole proprietorship and the corporation, each suited to different types of businesses and phases of development.

Other less common business models include partnerships and limited partnerships, however, you should meet with your accountant or lawyer to determine whether these models are suitable for you.

Sole Proprietor

Sole proprietorship is the least complicated business structure. As sole proprietor, you are the business. You can operate under your own name, or you can register a business name at the Companies Office for a fee. For example, I could use P.J. Richer Plumbing without registering because P.J. Richer is my own name. If I wanted to operate as Swoosh Plumbing, I would have to register that name.
If you decide to register a business name, you will be required to renew the registration every three years. Regardless of whether your name is registered, you will also be required to register with the Canada Revenue Agency (CRA) for a GST (Goods and Services Tax) number and with Manitoba Finance for a PST (Provincial Sales Tax) number. We strongly recommend that you also consult with an accounting professional at this stage.

What are the advantages of being a sole proprietor?

The most significant advantage to operating as a sole proprietor is that you can keep your costs low.

If you plan to operate on a shoe-string budget during your start-up phase, sole proprietorship will likely be your preferred method. Sole proprietorship is also appropriate if your income will be limited. For example, your business exists simply to supplement your main employment income.
 
When your business generates enough income to bring you into the highest tax bracket, you should consider incorporation. Talk to your accountant!

What are the disadvantages of being a sole proprietor?

The largest disadvantage of sole proprietorship is that you and your business are the same entity. No legal distinction exists. This means that all of your assets including your car, home, and cottage are available to satisfy any judgments in the event you are successfully sued.

While lawsuits do not occur often, when they do, your legal costs, resulting damages, and the time away from your business can have devastating effects on your financial reserves.

Why should I incorporate?

Once your business starts earning more income, or if liability is an issue, you may wish to incorporate. 

Incorporation serves two major purposes:
  • Incorporating your company creates a new legal entity separate from you, the individual. If the entity, or corporation, is found liable, you, as shareholder are not. This will protect your personal assets, such as your home, vehicle and RRSPs in the event your company is successfully sued.
  • From a tax perspective, you can keep the money earned by the corporation within the corporation. Currently, in the Province of Manitoba, earnings under $425,000 attributed to a Canadian-controlled private corporation are taxed at 9%. This amount increases on January 1st, 2019 to $500,000 This is a legitimate way to defer taxes

The biggest disadvantage of incorporation is cost. While tax deferral is appealing, you should consult with an accountant to ensure you are fully aware of the consequences of the decisions you make. While you will be deferring taxes, you will also be incurring annual legal and accounting costs. If your income is low, any tax advantages will be lost.

See What Others Are Saying About Us

Recent Posts

Recent Video

3 Locations To Serve You

Find your closest office

Partner with TLR Law for Your Business Success

At TLR Law, we believe in empowering Manitoba businesses with sound legal guidance. Our team is dedicated to delivering practical, cost-effective solutions tailored to your unique business needs. From startups to established enterprises, we're here to support your growth, protect your interests, and help navigate the complexities of business law.Let's work together to build a strong legal foundation for your business future. Contact us today to schedule a consultation.

Schedule a Consultation