MSP Law Blog:
Learn about the legal side of the Managed Service Provider business.
Click, Scroll, Agree: Navigating the Fine Print of Online Contracts
Should you use a "wrap" style digital agreement when Clients sign your MSA? Discover what makes a click legally binding, why scrolling could be signing away more than you think, and how to ensure your terms stand up in court. Don't miss these essential insights – tune...
Tax Planning Strategies for MSPs – Part 4: Shifting Income and Tax Credits
In the final episode of his four-part series on Tax Planning Strategies for MSPs, Tom Fafinski discusses different ways of shifting income and lists some tax credits to help reduce your overall tax burden.
Tax Planning Strategies for MSPs – Part 3: Maximizing Deductions to Benefit MSP Owners
Part 3 of Tom Fafinski's four-part series on Tax Planning Strategies for Managed Service Providers delves into an important aspect of tax planning: deductions. Learn how to maximize deductions to benefit you as the owner of an MSP. You won't want to miss the fourth...
Tax Planning Strategies for MSPs – Part 2: Isn’t That What My CPA Does?
In Part 2 of Tom's four-part series on Tax Planning Strategies for MSPs, he explains how a tax attorney differs from a CPA, and why a tax attorney is absolutely essential to implement the best tax planning strategies for your business. Stay tuned for Part 3:...
Tax Planning Strategies for MSPs – Part 1: Introduction
In the first episode of a four-part series on Tax Planning Strategies for Managed Service Providers, MSP law expert Tom Fafinski explains why tax planning is so important for MSPs, and what the focus should be centered around to achieve the best results. Be sure to...
Cyber Insurance Coverage: What exactly is it, and why do I need it?
As an MSP, you take many steps to secure your clients' data from breaches. But with cyber threats constantly evolving, it's essential to add that extra layer of protection with cyber insurance—for both you AND your customers. Listen to this episode of The MSP Law...
MSP Law Podcast: What is Indemnification?
You've probably heard the term "indemnity," but what does it mean for you as a Managed Service Provider, and why is it important in a Managed Services Agreement? Listen to find out.
MSP Law Podcast: MSPs and the Inevitable Shift to NCE
In this episode of the MSP Law Podcast, I give a brief overview of how MSPs should adapt and modify client contracts in the wake of Microsoft's NCE rollout—and how the new platform could actually be beneficial to the MSP.
Why have a contract?
Post Covid sales, mergers and acquisitions for MSPs should continue at 2019 pace
Listen to my podcast. https://tfafinski.podbean.com/e/post-covid-mergers-and-acquisitions-for-managed-service-providers/
PPP Loan Forgiveness for MSPs
MSPs and Payroll Protection Program Loan Forgiveness
PPP for MSPs – should I take it or return it.
https://msplaw.us/blogs-for-managed-services-provider/ppp-for-msps-should-i-take-it-or-return-it/
New Podcast on Force Majeure Clauses, Impossibility, Impracticability, Frustration of Purpose
Even if your contract does not have a specific “force majeure” provision, there are potential excuses for performance. Supervening events or events that occur following the execution of the contract but prior to complete performance can excuse performance if you can demonstrate impossibility ;
impracticability or a legal doctrine referred to as frustration of purpose.
The original LOL – Limitation of Liability and its not so funny.
A limitation of liability clause is one of the provisions used in contracts for the purposes of allocating and managing risk between the parties. The economics of a contractual relationship for vendors of outsourced services call into question whether the pursuit of...
https://open.spotify.com/episode/1WKLcXaGBAl3glk6eq6c9O
MSPs should work on their defense.
a first right of offer, rather than a right of first refusal.
MSPs or Managed Service Providers should adopt retirement plans under SECURE Act.
MSPs should use copyrights to protect their works.
MSPs have to comply with federal rules and laws.
The Vault
If you are the type of person that wants to control your investments and keep it out of the reach of your creditors – including your ex-spouses and your children’s ex-spouses, you should consider the Vault.
Cyber Security for MSPs
Cyber security for MSPs
Defense that scores you Offense
The start-up MSP is pre-occupied with creating an offense – trying to find streams of revenue to allow the owner and initial employees to draw an income. Defense can score you points too.
Building Your Master Services Agreement is The Foundation To a Strong Defensive Strategy For An MSP.
Offense (revenue generation) can generate a lead but a solid defense protects your lead and can even score points for you. Upon being convinced that you, as a Managed Services Provider (“MSP”), should have a Master Services Agreement, you should begin by outlining...
MSP ADA compliant websites
The MSP Show Is Your MSP Website ADA Compliant? Jun 3rd, 2019 Is your MSP website up to ADA Compliance standards? Anthony Buonaspina from LI Tech Advisors (https://www.litechadvisors.com) and Thomas Fafinski from Virtus Law discuss what it takes for your MSP website...
What are Master Service Agreements
Master Service Agreements
MSP Security Liability and Exposure
MSP Radio 193: MSP Security Liability and Exposure Discussion with Thomas M. Fafinski March 8, 2019 On this episode of MSP Radio, Thomas M. Fafinski of Virtus Law returns to discuss the impact of security on the legal aspect of MSP businesses, and how to tackle the...
Thomas M. Fafinski on Raising Capital through debt
how to raise capital through debt for MSPs.
Fafinski on Master Service Agreements MSAs
MSAs for MSPs
MSP Equity sharing with key employees
How to share equity with key employees
MSP Tax Mitigation
Work on legal strategies to reduce your income tax obligations.
MSPs – Raising Capital
Raising money through equity
MSP Acquisition
MSP Radio 029: The Anatomy of a Successful Business Acquisition Nov 5, 2014 There’s a lot that goes into a business acquisition and it’s important to have the right advisors to take you through the acquisition process. More importantly, there are a number of key...
MSAs on MSP Radio
MSP Radio 021: Proven Tips for Successful MSAs Sep 18, 2014 Master Services Agreements (MSAs) and Service Level Agreements (SLAs) are the foundation of your business relationships. They set expectations when certain issues arise and how both parties are responsible...