The MSP Law Podcast
The MSA as a Presale Document

The MSA as a Presale Document

March 8, 2022

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.

ESOP: Employee Stock Ownership Plan

ESOP: Employee Stock Ownership Plan

August 21, 2021

An employee stock ownership plan (ESOP) is an employee benefit plan that gives workers ownership interest in the company.  It is an exit alternative worthy of consideration.

Now More than Ever - MSPs have to Engage in Tax Planning with a Tax Attorney

Now More than Ever - MSPs have to Engage in Tax Planning with a Tax Attorney

October 21, 2020

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.

MSPs Planning on Selling - here are some gotchas to watch for

MSPs Planning on Selling - here are some gotchas to watch for

October 21, 2020

Sellers need to plan for their exit.  In their planning, they should consider some issues that will enhance the value of their business.

Why have a Master Services Agreement with your MSP customer?

Why have a Master Services Agreement with your MSP customer?

July 9, 2020

This podcast deals with why you need to have an agreement with your customer.

Next PPP change - makes forgiveness a lot easier.

Next PPP change - makes forgiveness a lot easier.

June 9, 2020

Relaxing requirements but an 11 page application for loan foregivenes..

Post-Covid Mergers and Acquisitions for Managed Service Providers

Post-Covid Mergers and Acquisitions for Managed Service Providers

June 9, 2020

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.

MSPs and Payroll Protection Program Loan Forgiveness

MSPs and Payroll Protection Program Loan Forgiveness

May 27, 2020

Learn about the loan forgiveness provisions of the CARES Act and Payroll Protection Program.

PPP for MSPs - should I take it or return it

PPP for MSPs - should I take it or return it

May 6, 2020

The Paycheck Protection Program has a safe harbor for returning funds if you cannot satisfy the requirements of certification. Learn the background and what those requirements are.

Force Majeure Clause, Impossibility, Impracticability, Frustration of Purpose for MSPs

Force Majeure Clause, Impossibility, Impracticability, Frustration of Purpose for MSPs

April 15, 2020

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.

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