By J. Nash Davis on Posted in BusinessConsidering changing the structure of your business? There are a number of scenarios in which it might be sensible or beneficial to do so. Changing the structure could afford you more growth potential, or limit liability you would face in certain circumstances. If you have decided you wish to change your business’s structure, you might… Continue Reading
By Steven K. Hardy on Posted in BusinessThe process of starting up a brand new business can be quite daunting, especially if you are a new entrepreneur. You have likely heard that most small businesses fail within their first three years of operation. You can make your business much more likely to succeed by avoiding some of these common mistakes during the… Continue Reading
By Mark Kragel on Posted in BusinessIf your business is involved in a contract dispute with another party you believe did not live up to its contractual obligations, the first step to resolving the dispute is to provide a notice of breach. This notice will explain why you believe a breach exists and provides a list of actions that must be… Continue Reading
By J. Nash Davis on Posted in BusinessIn U.S. contract law, a contract is considered “irreparably broken” after a “material” breach of contract—a breach that is so severe that essentially destroys the basis of the contract and goes to the root of the agreement between the contract’s parties. If a material breach occurs, the non-breaching party can end the agreement and attempt… Continue Reading
By Steven K. Hardy on Posted in BusinessWhen you are preparing to purchase another business, the acquisition agreement is a crucial step in the process. Here’s a brief overview of what you can expect out of an acquisition agreement. Two models of purchase agreements There are two general models of purchase agreements: an entity purchase agreement and an asset purchase agreement. The… Continue Reading
By J. Nash Davis on Posted in Business,Corporate & Financial ServicesIt’s an unfortunate reality that more small businesses fail than make it past their first five years. Even larger companies are not immune to bankruptcy. In fact, the number of businesses filing for bankruptcy protection has steadily grown over the last several years. This means that if you run a B2B company that has other… Continue Reading
By J. Nash Davis on Posted in Business,HurricaneThis year’s tax season looks a little different than in the past for people who live in areas that were affected by the major hurricanes in 2017. The IRS is still focused on accommodating the various tax needs, including relief efforts, of individuals impacted by the disasters. On September 29, Congress passed the Disaster Tax… Continue Reading
By Tom Bolt on Posted in BusinessThe people of the U.S. Virgin Islands continue to rebuild after the massive destruction caused by Hurricanes Irma and Maria over the past month. Many are still in need of financial assistance to recoup the losses they have suffered and make necessary repairs to their properties. The large amounts of flooding and damage can be… Continue Reading
By Steven K. Hardy on Posted in BusinessYou have likely spent many years building your business. It’s only sensible that you put plenty of effort into ensuring it lasts long after you are retired or have passed away. Below are a few tips to help you create a smooth and successful plan of succession for your business: Begin planning early: You might… Continue Reading
By Tom Bolt on Posted in BusinessEven before you begin writing a business plan for your new venture, there are two things you should do: conduct a feasibility study and undergo a Strengths, Weaknesses, Opportunities and Threats (SWOT) analysis. These processes will help you determine if your business will be viable and if it is worth the time, effort and money… Continue Reading
