Corporate & Financial Services

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Recently, one of our firm’s clients inquired as to our protecting their intellectual property, and BoltNagi submitted to an in-depth technology audit. Large companies like Google, Microsoft and Apple use considerable resources to protect their intellectual property. An organization of any size, however, can suffer due to intellectual property theft, and small businesses in particular…

Starting a business can be complicated enough without having to deal with making unnecessary legal mistakes in the process. If you’re considering starting a business in the U.S. Virgin Islands, it’s important to be informed of the most common legal problems to avoid. By taking the following tips into consideration, you can make this process…

What is a Registered Agent or a Resident Agent, and why does my company need one?
A registered agent is the individual or company that serves as the corporate entity’s contact to receive service of process in legal matters in the U.S. Virgin Islands. All corporate entities are required to have a registered agent on record with the Secretary of State’s Office or in the case of the U.S. Virgin Islands, the Office of the Lieutenant Governor.  

Continue Reading Why A U.S.V.I. Company Needs A Resident Agent

The high cost of energy, along with isolated grids and an abundance of renewable energy resources have motivated island communities around the world to investigate alternatives to fossil fuels.  Many have set ambitious objectives to reduce oil consumption—the primary fossil fuel consumed on most islands.  According to the U.S. Department of Energy, the U.S. Virgin Islands has emerged as a leader in the effort to reduce oil imports and stabilize electricity costs. Continue Reading U.S. Energy Department Maintains Agressive Energy Efficiency Obtainable in U.S. Virgin Islands

Are you starting a business in the U.S. Virgin Islands?  Do you have questions about how to apply for a business license?  Most businesses are required to apply for and obtain some form of license or permit to operate legally.  Domestic and foreign corporations, partnerships, and sole proprietorship engaging in any business in the U.S. Virgin Islands must apply for and obtain a business license from the Department of Licensing and Consumer Affairs ("DLCA"). Continue Reading Obtaining a Business License in the U.S. Virgin Islands

As a small business owner, you have several different ways to form your business in the U.S. Virgin Islands.  The type of business entity that you select will hinge on numerous factors and conditions.  It is always best to seek the counsel of a corporate attorney who is familiar with business formation,such as those in the Corporate, Tax and Estate Planning Practice Group at BoltNagi PC. Continue Reading Liability Dangers of Sole Proprietorships & General Partnerships

Are you trying to avoid foreclosure?  Are you unable to maintan your home as you don’t qualify for a modification?  Are you unable to sell  you home?

A deed in lieu of foreclosure may offer you the solution.  A  deed in lieu of foreclosure or "DIL" is a way that a mortgagor (you the borrower) can voluntarily deed the property as collateral in exchange for a release from all of your mortgage’s obligations.  The Department of Housing and Urban Development (HUD) and many others lenders have strict qualifications and pre-requisites, so you want to make sure that a DIL applies to your situation.Continue Reading Facing Foreclosure? A Deed in Lieu May Offer Solution