Making the decision to dissolve a business partnership is rarely easy, particularly if bad blood has developed and the partners can simply no longer work with each other. However, there are other circumstances that can lead to dissolution being the best option, such as one partner wanting to retire or even simply losing interest in
Prevention the Key to Avoiding Intellectual Property Infringement
Intellectual property is one of the key components of any company’s brand. Whether your business is brand new or you’ve been an established fixture in your industry for a number of years, you likely have a logo, product or other property upon which your business’s image—and perhaps even your livelihood—depends. Discovering that another entity has
The Hotelkeeper Law of the U.S. Virgin Islands
A key aspect of being a proactive business owner is understanding how the law impacts your industry. Fortunately, many industries have areas of the law devoted specifically to their business practices. The hospitality industry is one such industry, as hotelkeepers in the U.S. Virgin Islands are governed under Title 27, Chapter 13, Sections 401-408 of
Protecting Your Business by Properly Collecting, Preserving Incident Related Evidence
In many ways, it’s a business owner’s worst nightmare—a customer trips and falls on a step in their store, is injured by falling merchandise or slips on a puddle of water in the parking lot. If the injury is serious enough, the customer may try to sue the property owner, alleging that the owner’s negligence
Managing a Business Tax Audit from the BIR
There are few words that strike fear in the minds of U.S. Virgin Islands business owners more than these two: “tax audit.”
Thus, it’s a priority for most entrepreneurs and business owners to avoid, at all costs, an audit from the U.S. Virgin Islands Bureau of Internal Revenue. Although the odds of being audited
When Is It Appropriate to Consider a Joint Venture?
If you’re a business owner, you may come across an opportunity to work in partnership with another party for the benefit of both of your organizations. The law allows for businesses to legally work together and share assets with each other for a period of time, providing both parties agree. If two or more businesses
What Happens if Your Nonprofit Makes Money?
The name explains itself. If an organization claims to be a nonprofit, then it’s intention is to provide services or programming without making a profit.
However, in some circumstances, these organizations do end up producing a profit. Due to the nature of their relationship with the federal and territorial governments, nonprofits do not file taxes
US Naturalization Process Involves Several Key Residency Requirements
For foreign nationals who wish to become naturalized citizens of the United States, the process is often long and somewhat challenging, and applicants must meet a variety of requirements to qualify. One of the most complex sets of requirements, and one that makes a great deal of difference in the outcome of your application, relates
St. Thomas Business Camp Helps Entrepreneurs Learn Valuable Strategies
A recent weekend training program drew more than 100 current and aspiring small business owners to the Cardiac Center at the Governor Juan F. Luis Hospital on St. Croix, where participants received instruction and advice from a charismatic and renowned lecturer. Small Business Camp Weekend is held regularly on the island and directed by Andrew
Apple Case Highlights Dangers of Poaching Employees
A recent lawsuit filed against Apple by a company that makes lithium-ion batteries for electric cars may land the tech giant in hot water if, as is alleged, the company poached employees specifically to provide similar work on a project that would directly compete with the smaller firm.
A123 Systems, which has its headquarters in