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
