As changes take place in the intellectual property landscape due to advances in technology and other factors, the U.S. Copyright Office must periodically revise its approach to protecting creative works. Recently, the agency outlined a strategic plan designed to bring the office into the 21st century, both in terms of its ability to protect
USVI Receives Waiver on Unemployment Tax Credit
The effects of the 2009 increase in the unemployment rate continue to be felt in the U.S. Virgin Islands, as the territory struggles to pay back the balance of a federal loan taken out to maintain its ability to pay unemployment benefits and fund related programs. However, some measure of relief is on the way,
Should You Sell Shares for More Operating Capital?
Operating capital is absolutely essential for your company’s ability to do business on a day-to-day basis. No business can survive without sufficient cash on hand, and a lack of operating capital is one of the most surefire factors likely to contribute to a business’ failure.
Fortunately, there’s a relatively easy way to increase your operating
What You Need to Know if Investing in Someone Else’s Business
The decision to invest in someone else’s business is not one to be taken lightly. After all, putting up money for a business you might not be involved in on a day-to-day basis carries a certain amount of risk, and most entrepreneurs do not leap into such a situation without putting considerable thought into it.
Is It Time to Seek Venture Capital Funding for Your Startup?
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
The Patent Process in the US Virgin Islands: What You Need to Know
So you’ve got a great idea for a new product that’s going to change the world.
But as anyone who has ever not gotten credit for a great idea can attest, having your name attached to your innovation is the best way to ensure you reap the benefits of its implementation. Fortunately, for inventors in
Moving Away from a Business Partnership the Right Way
During the course of a business partnership, it’s not at all uncommon for one partner to leave to pursue other opportunities. However, leaving a partnership is not as simple as putting in two weeks’ notice and leaving on your last day, never to return. Rather, the terms under which one partner can leave a partnership
Understanding Commercial Mortgages
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
Tips for the Successful Launch of a Franchise System
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
Are Tax Rates Pushing the American Dream Offshore?
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