Virgin Islands Law Blog

Virgin Islands Law Blog

U.S. Virgin Islands law & politics

Category Archives: Corporate & Financial Services

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Intellectual Property Lawsuits Spike in Recent Years

Posted in Corporate & Financial Services
Although intellectual property disputes represent some of the oldest forms of business litigation, they have seen a spike in recent years across the United States, largely because of the rise of the Internet and the extraordinary proliferation of web-only businesses. These intellectual property lawsuits are especially prevalent in the technology industry, where a single company… Continue Reading

Common Provisions in Business Contracts to Know and Understand

Posted in Corporate & Financial Services
If you’ve ever had to pore over a contract when engaging in a business transaction, you’ve likely encountered some unfamiliar or unclear language. In all likelihood, this language was what’s called “boilerplate”—standardized legalese that communicates a common concept or provision in a concise manner. Whether it’s included somewhere in the main body of the contract… Continue Reading

SBA’s STEP Program Opens International Markets to Small Businesses

Posted in Corporate & Financial Services, International
Making the jump to international markets can be a tough one for small businesses, but a relatively new U.S. Small Business Administration program is offering some excellent opportunities. The agency’s State Trade and Export Promotion (STEP) Program is a pilot program that provides matching federal funds to U.S. states and territories, with the goal of… Continue Reading

Audit Prevention: Preparing Your Business Taxes as Effectively as Possible

Posted in Corporate & Financial Services, Tax & Estate Planning
Tax season is officially here, and individuals ranging from small business owners to top executives at the largest corporations are thinking about business taxes. It might not be the time of the year you mark on your calendar with a big smiley face—but it’s important nonetheless. How you are feeling about upcoming tax deadlines may… Continue Reading

The Dos and Don’ts of Managing Corporate Formalities

Posted in Corporate & Financial Services
When you go into business, you probably don’t do so for the fun and excitement of dealing with corporate formalities. However, these formalities are perhaps the key elements in protecting the shareholders and particularly the representatives of a corporation. By clearly formalizing the corporation’s proceedings and separating the activities of individual representatives from those of… Continue Reading

E-Commerce: Know the Legal Way to Sell Products Online

Posted in Corporate & Financial Services, International, Tax & Estate Planning
With so much business either originating online or migrating there from brick-and-mortar establishments, the possibility of conducting transactions via the Internet is opening up a whole new world for entrepreneurs and business owners on a global scale. Whether you’re selling products or services, having the ability to sell your goods online makes it possible to… Continue Reading

US Copyright Office Sets Strategic Plan Through 2020

Posted in Corporate & Financial Services
As changes take place in the intellectual property landscape due to advances in technology and other factors, the U.S. Copyright Office must periodically revise its approach to protecting creative works. Recently, the agency outlined a strategic plan designed to bring the office into the 21st century, both in terms of its ability to protect intellectual… Continue Reading

Should You Sell Shares for More Operating Capital?

Posted in Corporate & Financial Services
Operating capital is absolutely essential for your company’s ability to do business on a day-to-day basis. No business can survive without sufficient cash on hand, and a lack of operating capital is one of the most surefire factors likely to contribute to a business’ failure. Fortunately, there’s a relatively easy way to increase your operating… Continue Reading

Is It Time to Seek Venture Capital Funding for Your Startup?

Posted in Corporate & Financial Services
Many entrepreneurs have been there: they have an idea for a business they think could be wildly successful, but they don’t have the financial means to transform the idea into a functioning company. Not surprisingly, this is a frustrating situation—and has likely been the premature undoing of many potentially profitable startups in the U.S. Virgin… Continue Reading

Understanding Commercial Mortgages

Posted in Corporate & Financial Services
For small businesses that are in the market to expand or to take up more permanent residency in a community, purchasing commercial property can be an effective and prudent option. But because most small businesses don’t have the cash on hand to purchase property outright, they need another means of funding the purchase. This is… Continue Reading

Tips for the Successful Launch of a Franchise System

Posted in Corporate & Financial Services, International
Do you have a successful business such as a restaurant, boutique hotel, or watersports company that you have built into a replicable format?  If you want to leverage your existing supply relationships, marketing methods, loyal management team, and cost structures to jumpstart new locations, then franchising might be right for you. What does it take… Continue Reading

Are Tax Rates Pushing the American Dream Offshore?

Posted in Corporate & Financial Services
While its definition is malleable and open for debate, the “American Dream” remains a standard by which many people gauge perceived success and failure in various segments of our society—even in U.S. territories. The business world is no exception, as successful entrepreneurship and business management are regarded as prime drivers of upward mobility, economic progress… Continue Reading

Perfecting a Security Interest in an Airplane

Posted in Corporate & Financial Services
When it comes to leasing and financing civil aircraft, it’s incredibly important to understand the various liens and interests potentially involved, based largely on Federal Aviation Administration Aircraft Registry Reports. These reports have been mandated on airplanes so that individuals can somewhat easily find all of the possible claims and other legal interests attached to… Continue Reading