As Jennifer researched “Wills” online as she pondered her estate plan. Then she ran across some articles about will-based and trust-based estate planning. After a little more research, she found h...
Updating Your MSA
Master service providers, or MSPs, manage the IT infrastructure and end-user systems that keep their clients’ companies humming. What keeps your MSP-client relationship running without a hitch? A go...
Single? There’s an Estate Plan for You!
Sometimes it seems estate planning focuses on married couples to the exclusion of singles. But unmarried people have just as much to gain from estate planning as a couple. In fact, spouses and singles...
If I Establish a DAPT in Another State, Will it Hold Up?
Daryl, a Minnesota resident, discussed asset protection strategies with his estate planning attorney. As they considered his options, they discussed establishing a domestic asset protection trust (DAP...
Estate Planning at Any Age
Estate planning is not just for the over-60 crowd. In fact, estate planning documents affects people of every age. Looking at every stage of life, it’s easy to see how documents like Wills or trusts...
Right of First Offer vs. Right of First Refusal, which generates a more fair result.
By Thomas M. Fafinski Most of us are familiar with the right of first refusal (“ROFR”) but not with the right of first offer (“ROFO”). Generally, a ROFR is advantageous to th...
The Supreme Court has likely opened the flood gates of applications with the United States Copyright Office. What this means to MSPs.
By Thomas M. Fafinski There was a split between several of the Federal Appellate Circuits regarding the registration requirement of copyright infringement suits. Last week, the United States Supreme...
Is My Out-of-State Estate Plan Valid in Minnesota?
It’s a well-known fact: states within the United States have their own identities, their own cultures, and even their own laws. What works in Minnesota may not work in Kentucky, and vice versa. When...
MSP Radio 193: MSP Security Liability and Exposure Discussion with Thomas M. Fafinski
On this episode of MSP Radio, Thomas M. Fafinski of Virtus Law returns to discuss the impact of security on the legal aspect of MSP businesses, and how to tackle the aspects of liability and risk expo...
What’s the Difference Between an LLC and a Corporation?
Every business has a structure or an entity type. So, one business might be a professional corporation, another might be a sole proprietorship. When it comes time to choose the structure your business...