Deciding whether a worker is an ‘employee’ or an ‘independent contractor’ is a common headache for business owners. The classification of workers affects the relationship between owners and wo...
Risk Mitigation Through Good Corporate Governance
Risk. We can say it’s just a part of doing business, but it’s certainly a part we’d like to minimize. One way to lower risk and reach the highest level of mitigation possible is through good cor...
Minnesota’s New Minimum Wage Standard
Minimum wage rates are being debated nationwide and in our own state. Laws often change to reflect new societal attitudes and conditions, and Minnesotan laws are no exception. Business owners may be c...
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...
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...
What Purpose do NDAs Serve in M&A Transactions?
A nondisclosure agreement (NDA) or confidentially agreement is often the first step when businesses are conducting business together or considering a merger or acquisitions transaction. The purpose of...