Virgin Islands Law Blog

Virgin Islands Law Blog

U.S. Virgin Islands law & politics

Category Archives: Corporate & Financial Services

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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

End of Safe Harbor Will Pose Challenges to US Businesses

Posted in Corporate & Financial Services, International
The legal agreement that enabled the exchange of European citizens’ personal data between European and U.S. firms is no more. In an October 6 ruling, the European Court of Justice declared the Safe Harbor agreement invalid, charging that data protection processes in place at companies like Facebook is insufficient and fails to meet the standards… Continue Reading

U.S. Virgin Islands: The Perfect Port of Call For Film and Television Production

Posted in Corporate & Financial Services, International
The U.S. Virgin Islands is well-known as a breathtaking vacation destination and a corporate tax haven.  It is less well-known, but equally attractive as a destination for film and television production. As far as tropical shooting locations, the USVI can hardly be beat.  In a relatively small area, the USVI offers both tropical desert and… Continue Reading

FTC to Take Increased Role in Data Security Following Wyndham Decision

Posted in Corporate & Financial Services
A recent unanimous decision by the U.S. Court of Appeals for the Third Circuit is poised to have a considerable impact on cybersecurity for American corporations, including those in the U.S. Virgin Islands. The decision in Federal Trade Commission v. Wyndham Worldwide Corp. puts to rest an ongoing debate regarding the oversight of corporate cybersecurity,… Continue Reading

Navigating the Purchase Agreement when Buying a New Business in the USVI

Posted in Corporate & Financial Services
    Buying an existing business offers an opportunity to experience the thrill of business ownership without a lot of the headache and frustration that comes along with starting a business from the ground up. Typically, the process will involve a great deal of discussion between buyer and seller, and some back-and-forth over general aspects… Continue Reading

Prevention the Key to Avoiding Intellectual Property Infringement

Posted in Corporate & Financial Services
Intellectual property is one of the key components of any company’s brand. Whether your business is brand new or you’ve been an established fixture in your industry for a number of years, you likely have a logo, product or other property upon which your business’s image—and perhaps even your livelihood—depends. Discovering that another entity has… Continue Reading

What Happens if Your Nonprofit Makes Money?

Posted in Corporate & Financial Services
The name explains itself. If an organization claims to be a nonprofit, then it’s intention is to provide services or programming without making a profit. However, in some circumstances, these organizations do end up producing a profit. Due to the nature of their relationship with the federal and territorial governments, nonprofits do not file taxes… Continue Reading

Companies Face Big Data Legal Issues

Posted in Corporate & Financial Services
The power technology has in our lives seems to be increasing with each passing year, and the capabilities of our technology are greater than ever. As technology proliferates — not just through its reach into new markets, but also through the ever-greater number of devices most people in the developed world use on a regular… Continue Reading

Top Cyber-Security Issues for Finance and Law Firms

Posted in Corporate & Financial Services
With the signing of an executive order on February 13, 2015, President Barack Obama encouraged companies within various industry sectors to better combat online security breaches through the formation of organizations dedicated to the sharing of information related to threats. Although some industries — including the financial sector, through its Financial Services Information Sharing and… Continue Reading

Intellectual Property Commonly Overlooked in Business Valuations

Posted in Corporate & Financial Services
The process of business mergers and acquisitions can be time-consuming and complex, and sometimes the move needs to happen so quickly that key items are ignored, given a short shrift or are just forgotten altogether. This is often the situation with intellectual property, which can be an extremely valuable aspect of a company’s operations. Why… Continue Reading