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Virtus Law PLLC

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Minneapolis-based law firm focused on Estate Planning, Asset Protection, Business Law, and Corporate Strategy.

Trusted legal partners for families and privately held businesses.

10/15/2026

Calling a worker an independent contractor does not make them one. Minnesota and the federal government look at how the relationship actually works, not what the contract says.

Factors like who controls how and when the work is done, who provides tools and equipment, whether the worker serves other customers, and how the worker is paid all matter. A misclassified worker can lead to back taxes, unpaid wages and benefits, and penalties, and the risk grows with every worker treated the same way.

If you rely on contractors, a periodic review of your agreements and how the work is really done can save you from an audit you did not see coming.

Call 612-888-1000 to review how your business classifies its workers.

This content is for informational purposes only and does not constitute legal advice. Please consult an attorney for guidance specific to your situation.

10/13/2026

Many business owners form an LLC, file the paperwork with the state, and assume they are done. A written operating agreement is the document that actually spells out how your company works.

Without one, state default rules fill in the gaps, and those rules may not match what you want. That matters for owners with partners, but it matters for single-member LLCs too. A clear operating agreement helps show that your LLC is a separate entity from you personally, which supports the liability protection you formed it to get, and it gives banks and lenders what they often ask for.

It also sets out what happens if you become incapacitated, bring in a partner, or sell the business.

Call 612-888-1000 to have an operating agreement drafted or reviewed.

This content is for informational purposes only and does not constitute legal advice. Please consult an attorney for guidance specific to your situation.

10/06/2026

Registering an LLC with the Secretary of State does not give you ownership of your business name in the marketplace.

Business registration mostly keeps another Minnesota entity from registering the identical name with the state. Trademark protection is a separate step that addresses who has the right to use a name, logo, or slogan in connection with your goods or services. Without it, a competitor can start using a confusingly similar name, and you may have limited options once they have built customers around it.

If your brand is valuable to your business, protecting it should happen before it becomes a dispute, not after.

Call 612-888-1000 to talk through how to protect your business name and brand.

This content is for informational purposes only and does not constitute legal advice. Please consult an attorney for guidance specific to your situation.

10/01/2026

Minnesota banned most employee non-compete agreements for contracts entered on or after July 1, 2023. Many employers still have old templates in their onboarding packets.

That does not leave your business unprotected. Confidentiality agreements, non-solicitation of customers and employees, and trade secret protections generally remain available, if they are drafted carefully and fit how your business really operates.

An outdated agreement is worse than a strong one, because it gives you a false sense of security and can raise problems of its own. If your employment agreements were written before the change, they deserve a second look.

Call 612-888-1000 to have your employment agreements reviewed.

This content is for informational purposes only and does not constitute legal advice. Please consult an attorney for guidance specific to your situation.

09/29/2026

A clean closing does not guarantee a clean title. Liens, ownership disputes, and recording errors can surface years after a deal closes, sometimes from a claim no one involved in the transaction ever knew existed.

Title insurance protects against exactly this, covering losses tied to defects in the property's title history that were not caught, or could not have been caught, during due diligence. For real estate investors and developers closing deals across the Twin Cities, it is one of the most overlooked pieces of a transaction, right up until a defect surfaces and there is nothing standing behind it.

Call 612-888-1000 to make sure title issues are addressed before they become expensive ones.

This content is for informational purposes only and does not constitute legal advice. Please consult an attorney for guidance specific to your situation.

09/24/2026

Two business partners start a company on a handshake and good intentions. Neither one plans for what happens if one of them dies, becomes disabled, gets divorced, or simply wants out.

A buy-sell agreement answers that question in advance, while everyone is still getting along. It sets the terms for how a partner's ownership share gets valued and transferred, who has the right or obligation to buy it, and how the purchase gets funded, often through life or disability insurance secured specifically for this purpose. Without one, a partner's spouse, estate, or an outside buyer can end up with a seat at the table nobody else in the business wanted there.

The businesses that put this in writing early tend to avoid the disputes that show up later, when emotions and money are both on the table at once.

Call 612-888-1000 to put a buy-sell agreement in place before you need one.

This content is for informational purposes only and does not constitute legal advice. Please consult an attorney for guidance specific to your situation.

09/22/2026

Litigation is not always the answer when a business relationship involving debt starts to break down.

We work with both lenders and borrowers, which means we understand when a structured restructuring, revised terms, a workout agreement, a negotiated payment plan, actually serves both sides better than a drawn-out court fight. Litigation as a last resort is not just a philosophy. It reflects the fact that a functioning business relationship is usually worth more than a judgment that is hard to collect.

The right approach depends on the numbers and the relationship. Both deserve a real look before anyone files anything.

Call 612-888-1000 to talk through your options before litigation becomes the only one left.

This content is for informational purposes only and does not constitute legal advice. Please consult an attorney for guidance specific to your situation.

09/17/2026

Getting the financing right on a real estate deal is only half the work. Getting the entity structure right is what protects you after closing.

The wrong LLC structure, or none at all, can expose your personal assets to liability from a single property, complicate financing on future deals, and create unnecessary tax headaches when you eventually sell or transfer ownership. We work with real estate developers, operators, and investors across the Twin Cities on exactly this kind of structuring, before it becomes a problem.

A strong deal deserves a strong structure behind it.

Call 612-888-1000 to have your entity structure reviewed before your next acquisition.

This content is for informational purposes only and does not constitute legal advice. Please consult an attorney for guidance specific to your situation.

09/15/2026

Your business is not just a balance sheet. Treating it that way in your estate plan is where things go wrong.

We build succession plans around the idea of perpetuating your values, not just transferring a lump sum. That means thinking through who actually runs the business, how ownership transfers if you become incapacitated, and whether the next generation, or a management team, is genuinely prepared to carry it forward.

A plan built around your actual values holds up better than one built around a generic template.

Call 612-888-1000 to build a succession plan around what your business actually needs.

This content is for informational purposes only and does not constitute legal advice. Please consult an attorney for guidance specific to your situation.

09/10/2026

If you run a managed service provider, a data breach at a client's business can quickly become your legal problem too, unless your contracts say otherwise.

Data access clauses, liability caps, and service level terms determine who is actually responsible when something goes wrong. We work specifically with MSPs and technology companies, and the firms that avoid costly disputes are almost always the ones with contracts built for how MSPs actually operate, not a generic services agreement.

Your contract is the first thing a court looks at. Make sure it says what you need it to say.

Call 612-888-1000 to have your client agreements reviewed.

This content is for informational purposes only and does not constitute legal advice. Please consult an attorney for guidance specific to your situation.

Address

7040 Lakeland Avenue N, Ste 100
Minneapolis, MN
55428

Opening Hours

Monday	8:30am - 5pm
Tuesday	8:30am - 5pm
Wednesday	8:30am - 5pm
Thursday	8:30am - 5pm
Friday	8:30am - 5pm

Telephone

+16128881000

Website

http://www.virtuslaw.com/

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