Every estate planning document has a purpose. A Last Will and Testament directs a personal representative to manage and distribute the signer’s assets after death. A power of attorney allows a perso...
What Minnesota Chapter 322C Means for Your LLC
In 1993, Minnesota businesses were given a new structure to use when forming a business – limited liability companies (LLCs). Since then, LLCs have largely become the business structure of choice, a...
Changing Your Business Structure
Every business is set up as specific type of legal entity, like a partnership, corporation, or sole proprietorship. Occasionally, the nature of a business will change, necessitating some organizationa...
Including Personal Property in Your Estate Plan
When we think of bequests in a will, we may think of eye-catching headlines about an individual who leaves $10 million to a favorite cousin – or to their cat. But bequests can also cover any propert...
Virtus adds Two New Locations to Better Serve Clients
Virtus Law is proud to announce that with the mergers with Motz & Motz and Bruce L. Beck and Associates we have added two new locations to better serve our clients. We have a new office in Cambrid...
A Short Guide to the Minnesota Revised Uniform Fiduciary Access to Digital Assets Act
When someone passes away, they leave behind a lifetime of possessions, personal property, and even an online footprint. Now, in addition to the tangible assets of the estate like retirement accounts, ...
Virtus Law is proud to announce that Chris Motz, Hannah Motz and Tim Netzell have joined the Virtus Team!
In our effort to provide the best legal services to our clients we have expanded our team by adding three well respected and established attorneys to our real estate, estate planning and probate areas...
The History of the Limited Liability Entity
Limited Liability Companies (LLCs) were first introduced in 1977 in Wyoming and has since become a favorite choice for business formation for many different types of companies. Over two-thirds of the ...
Standards of Conduct for Former Corporate Officers: The Uniform Rule
Business owners have specific duties to the business such as the duty of care, the duty of loyalty, and the duty of good faith. These responsibilities are part of the Revised Model Business Corporatio...
How to Define the Scope of Services in an Agreement
Whether your agreement is intended to cover a simple transaction such as a website design or a more complicated, long term service agreement governed under a master services agreement (MSA), you shoul...