In this episode, Tom explains how using an MSA at the very beginning stage of a new client relationship can protect MSPs from liability and suss out deal breakers before wasting yours or your client's time on a deal that won't move forward.
Tax attorneys are different than accountants. Tax lawyers are not charged with accurately reflecting historical data. Rather, corporate tax attorneys design a structure that unleashes tax benefits in the future. Virtus Law has niched in the MSP/Tech industry, has a tax department and saves MSPs significant tax dollars by creating a structure that accurately reflects the multiple relationships you have with your company.
Sellers need to plan for their exit. In their planning, they should consider some issues that will enhance the value of their business.
This podcast deals with why you need to have an agreement with your customer.
Did you think the slow down would be for a while? Look for activity to start again mid-year and go roaring into 2021. Here are my thoughts about MSP sales, mergers and acquisitions.
Learn about the loan forgiveness provisions of the CARES Act and Payroll Protection Program.
Managed Service Providers need to look at the contract to see if a force majeure clause exists. They need to determine what constitutes a force majeure event, the scope of the excuse for performance, notification obligations and whether or not the other party has an obligation to mitigate. Without a force majeure clause, Managed Service Providers need to build a defense if their performance is impossible, impracticable or frustrates the purpose for the underlying agreement.