Many small business owners do not necessarily think about their financial liability when they first start their company—they tend to focus more on market research, securing funding and building up the infrastructure of their new business. However, it is important to understand the financial risks you face as the owner of a new company.
If
Considering 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
In 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
It’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
This 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
It has been weeks since Hurricane Maria swept through the U.S. Virgin Islands, causing catastrophic damage to the Territory’s buildings and infrastructure. However, the Territory still finds itself in great need of federal assistance.
In mid-October, a group of Democratic lawmakers sought tax relief for both Puerto Rico and the U.S. Virgin Islands, which were
While much attention has been paid to the losses of homeowners and business owners after Hurricanes Irma and Maria hit the U.S. Virgin Islands (and rightfully so), there are thousands of renters who have suffered considerable losses, as well. There are many ways for property owners to seek various forms of financial assistance, but what
Recent Category 5 storms Irma and Maria ripped through the U.S. Virgin Islands delivering a catastrophic one-two punch unlike the Territory has ever experienced, leaving the islands and its residents decimated and in disarray. Many of those affected have lost everything and will be facing a grueling recovery process as they attempt to begin again.
One question realtors and real estate attorneys alike frequently hear is whether the services of a lawyer are truly necessary for closing the sale of the home. The answer depends largely on the location and circumstances of the sale.
In general, there are some questions you can ask yourself before selling or buying a home
U.S. Virgin Islands residents affected by recent back-to-back Category 5 Hurricanes Irma and Maria have already absorbed a crippling blow in the form of damaged homes, lost roofs and possessions, and significant interruptions in business and employment. As if this isn’t enough, Virgin Islanders now face another growing concern: repair scams.
Insurance and repair scams