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good contracts = good business relationship
May 3, 2019Virtus LawNo CommentsCategories: Articles, BusinessTags: Business, Business Relationships, Contract Law, Contracts, Good Business Relationships, Good Contracts

Good Contracts = Good Business Relationships?

Does having a good contract in place mean the end to business disagreements? No. However, it might make them less likely to occur. At the very least, a strong contract will set out ways to handle disa...

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Factors to Consider if Your Company Faces Merger or Acquisition
February 19, 2018Virtus LawNo CommentsCategories: Articles, BusinessTags: Acquisition, Business, Merger

Factors to Consider if Your Company Faces Merger or Acquisition

Maybe you’re a business owner whose company is humming right along, all cylinders firing, prospects look good. Or maybe your company is facing increased competition, higher costs, and lower profits ...

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Minnesota’s New Minimum Wage Standard
December 27, 2017Virtus LawNo CommentsCategories: Articles, BusinessTags: Business, Minimum Wage, Minnesota Law

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...

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Details of the Minnesota Revised Limited Liability Act
September 4, 2017Virtus LawNo CommentsCategories: Articles, BusinessTags: Business, Limited Liability, LLC

Details of the Minnesota Revised Limited Liability Act

On April 8th, 2014, the Minnesota Revised Uniform Limited Liability Company Act was signed into law, impacting all LLCs formed in the state of Minnesota. Owners of LLCs created before August 1, 2015 h...

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Interested in Selling Your Business?
August 4, 2017Virtus LawNo CommentsCategories: Articles, BusinessTags: Business, Planning, Succession

Interested in Selling Your Business?

For business owners, one option to exiting involves selling. Often, this comes up when you’re considering retirement or someone has approached you and put an offer for the business on the table. If ...

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August 2, 2017Virtus LawNo CommentsCategories: News, PodcastsTags: Business, Law Firm

Selling a Law Firm for All Cash – Interview with Thomas M. Fafinski

Thomas M. Fafinski interviews with Ryan Thompson and explains Selling a Law Firm for All Cash. “To be dependent on the business makes you a liability.” – Thomas M. Fafinski...

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Minimizing Income Tax for Small Businesses
June 26, 2017Virtus LawNo CommentsCategories: Articles, Business, TaxTags: Business, Deductions, Small Business, Tax

Minimizing Income Tax for Small Businesses

Business owners should choose the structure of their business with an eye towards minimizing their taxes. Tax law is a complex subject, always changing and requires constantly study by lawyers and acc...

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