During tax time, it’s fairly common for people to realize that they don’t have the financial resources to pay the full or even a partial amount of their tax obligations. In these situations, the logical action for many is to avoid filing taxes altogether. After all, if you cannot pay the bill, what’s the point
DHHS Clarifies Affordable Care Act Issue for US Territories
Recently the federal government announced that certain provisions of the Affordable Care Act would no longer apply to U.S. territories — most specifically the requirement that insurance companies must offer coverage to all individuals. The decision related to the Public Health Service Act’s definition of the word “state.” Under the PHSA, the provisions of the
How to Decide Who Should Have Your Health Care Power of Attorney
Choosing your health care power of attorney is an incredibly important decision, as the person you authorize — known also as an agent — will be able to make important decisions on your behalf if you can no longer communicate or become medically incapacitated, as in the instance of a coma.
When it comes to
The Dangers of Prepackaged Wills and Trusts
In our do-it-yourself era, prepackaged wills and trusts may seem like an incredibly convenient option for individuals and couples not wanting to add extra stress to an already emotional process. However, most legal professionals strongly advise against using them. If your will or trust doesn’t meet specific requirements, your wishes may not be carried out
U.S. Virgin Islands Could See Tourism Boost with U.S. News Ranking
The U.S. Virgin Islands Tourism Department recently announced that the Territory, which consistently ranks highly on the U.S. News & World Report’s “Best Places to Visit in the Caribbean”, has topped the list this year.
U.S. News & World Report recognized the many amazing natural and cultural features the U.S. Virgin Islands has to offer
Police, Fire Retirements May Stress Public Services in US Virgin Islands
During recent budget hearings before the Finance Committee of the Legislature of the Virgin Islands, police and fire officials alerted the Virgin Islands Senate that their agencies, chronically understaffed already over the last few years, may be in even worse shape in the coming months and years.
According to the officials, an unprecedented number of
The Key Components of a Business Contract
When writing a business contract in the U.S. Virgin Islands, it is important to keep in mind a few simple, but very important, considerations to protect your company and your best interests. By doing so, you can help ensure that in the event of a future dispute, your contract will be considered valid and enforceable
The Benefits of Using Mediation to Resolve Business Disputes
If you own or operate a business, it’s possible that you will find yourself in disputes from time to time. These conflicts can quickly become very heated, but mediation is often an effective alternative to engaging in expensive and time-consuming litigation.
Business disputes may be related to nonbinding verbal agreements, breach of contract and employment
US Virgin Islands Businesses Gain Access to USDA’s REAP
The Rural Energy for America Program (REAP) offered a seminar on best practices last month to local businesses at the U.S. Virgin Islands Small Business Development Center.
The informative seminar, sponsored by the U.S. Department of Agriculture Rural Development office, aimed to educate small business owners about resources and options it has available for sustaining
How Can You Approach Business Valuation for a Startup?
In the business world, valuation is a standard practice. The process can be much more complicated for a startup than it is for an established company, however, as most new businesses don’t yet have the operating and revenue history that older organizations have demonstrated.
For this reason, standard techniques typically used to evaluate growth and