Most adults have had to sign certain documents in the presence of a notary at some point in their lives, yet many people do not understand what the purpose of a notary is or why a document requires notarization.  The primary purpose of having a document notarized is to deter fraud. To accomplish this, the

The U.S. Virgin Islands Economic Development Authority has a variety of financing options in place to help entrepreneurs in the Territory start a new business or grow an existing one.

Here’s a quick overview of some of the available loan programs, administered by the VIEDA’s Economic Development Bank.

  • State Small Business Credit Initiative: The State

There are many types of industries in which hiring independent contractors is a big part of a company’s business model. There are some benefits to working with independent contractors, but as with any type of hiring practice, it’s important to make sure you abide by all the federal and territorial rules and plan out the hiring in a way that protects your company.

With this in mind, here are some tips for hiring independent contractors to your company.


Continue Reading Tips for Hiring Independent Contractors

While the U.S. Virgin Islands’ bonds are still rated in junk status, there are some significant signs of improvement and glimmers of hope for economic recovery in the territory. The price of some of the Territory’s bonds has more than doubled since the end of 2017, thanks in large part to a boom in construction during the post-hurricane rebuild and the reopening of the St. Croix oil refinery. Now, economic experts in the Territory feel good about the growth in the local economy believe there is a positive future for the territory’s bond ratings.

Continue Reading Signs of Economic Improvement: USVI Bonds Pick Up

The process of converting an LLC to a corporation can vary depending on the circumstances of your business. There are three types of conversion available—which method you choose depends on where you primarily do business and whether you meet the requirements for each method.

Here’s an overview of each of them.


Continue Reading How to Convert an LLC to a Corporation

A strong, concise business plan is crucial when starting a new business. Not only will it give you a roadmap for how you will grow your business in its early years, but it will also be useful for investors, who want to see that you have a well-thought-out venture that has a good chance of being viable and sustainable before they invest their money into it.

Continue Reading How to Write an Effective Business Plan