For those starting new businesses, one of the most exciting processes is choosing a trademark — a slogan, logo or business name by which potential customers will be able to identify the company. It’s exciting because, in many cases, it’s the first piece of information with which most people will come into contact with the
Virgin Island Port Authority Aims to Expand Airports
The U.S. Virgin Islands Port Authority (VIPA) recently announced plans for projects designed to improve the Territory’s airport infrastructure in 2015. These efforts are expected to cost more than $130 million over a five-year period.
Among the upgrades VIPA announced are improvements to the Gallows Bay Marine Terminal, the development of a paid parking facility
Key Steps to Take to Protect Your Business from a Lawsuit
For business owners, the ability to continue and expand their operations is always of the utmost importance, and anything that could jeopardize it should be avoided. Especially in these litigation-happy times, the threat of a lawsuit is not something you just need to keep in the back of your mind — it should be something
Companies Face Big Data Legal Issues
The power technology has in our lives seems to be increasing with each passing year, and the capabilities of our technology are greater than ever. As technology proliferates — not just through its reach into new markets, but also through the ever-greater number of devices most people in the developed world use on a regular
Top Cyber-Security Issues for Finance and Law Firms
With the signing of an executive order on February 13, 2015, President Barack Obama encouraged companies within various industry sectors to better combat online security breaches through the formation of organizations dedicated to the sharing of information related to threats. Although some industries — including the financial sector, through its Financial Services Information Sharing
What Makes the U.S. Virgin Islands so Business Friendly?
When most people think of the U.S. Virgin Islands, the images that come to mind are beaches, relaxation, a unique island culture and a relaxing, laid-back environment. However, for those in the business community, the Territory offers much more than just a great tourist destination. The fact is that the U.S. Virgin Islands is also
Kennedy Funding Financial Pulls Out of US Virgin Islands Market
Due to frustrations with the foreclosure process, Kennedy Funding Financial, a prominent international lender with a sizable footprint in the Caribbean region, has decided to stop lending in the U.S. Virgin Islands for an undetermined amount of time. Considerable bureaucratic red tape has made it increasingly difficult to take action on properties with tenants who
Governor Mapp Considers Cuts, Revenue Generation to Close Budget Shortfall
In a recent appearance before the Senate Finance Committee, the financial team of new Governor Kenneth Mapp shared that the Government of the Virgin Islands, with projected revenues falling well short of the $737.6 million appropriated this year, has found itself with a $133 million budget shortfall for the current fiscal year. With just under
Intellectual Property Commonly Overlooked in Business Valuations
The process of business mergers and acquisitions can be time-consuming and complex, and sometimes the move needs to happen so quickly that key items are ignored, given a short shrift or are just forgotten altogether. This is often the situation with intellectual property, which can be an extremely valuable aspect of a company’s operations.
Why
Legal Steps to Leaving Your Business in a Will
When you own a business, you may become be so consumed with running it from day to day that you don’t really think much about what will happen to it after you are gone. While preparing for one’s own passing is often unpleasant to consider, particularly if you have reason to expect to live for