A strong, concise business plan is crucial when starting a new business. Not only will it give you a roadmap for how you will grow your business in its early years, but it will also be useful for investors, who want to see that you have a well-thought-out venture that has a good chance of being viable and sustainable before they invest their money into it.

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Directors and officers of nonprofit organizations are often volunteers who receive no form of financial compensation. However, they still have a fiduciary duty to their organizations, and breaching that duty could result in them being personally liable for any damages they cause to the organization.

With this in mind, here are some of those legal

There are some circumstances in which directors of nonprofit organizations can be held legally liable for acts they carried on behalf of the organization, or acts that could be construed as them representing the organization.

With the potential for legal liability constantly looming, it is imperative that the organization have a commitment at all levels

This April, the United States Treasury announced it approved 14 different neighborhoods on St. Croix and St. Thomas as being Qualified Opportunity Zones, meaning they are eligible for federal tax breaks under the Tax Cuts and Jobs Act, passed by Congress and signed into law by President Donald Trump in December.

In a statement, U.S.

Those who have suffered considerable damage to their property (residential or commercial) and wish to file an insurance claim must first identify the correct way to move ahead. The first step of the claims process is to find an adjuster to assist with your claim. The big question is: do you go with an independent

In the weeks and months after a natural disaster, contractors tend to flood the affected area with tantalizing offers of rock-bottom rates for repairs and reconstruction services. This is prime season for scammers, who tend to cut corners, use low-grade materials or skip out on the job entirely after receiving payment.

Thus, when you hire

One of the many lessons businesses across the U.S. Virgin Islands and the rest of the Caribbean have learned in the wake of Hurricane Maria is that it is absolutely imperative to have disaster preparedness and contingency plans. The unfortunate reality is that all it takes is one large storm to come through and wipe

(Attorney Tom Bolt (Photo from the BoltNagi PC website.)

A bill under consideration by the Senate Rules and Judiciary Committee would make such things as emails, passwords to bank accounts and online trading accounts covered by V.I. laws about how to handle property when someone dies or is incapacitated.

The changes are necessary because

Several senators on the Committee on Energy and Natural Resources, led by Sen. Lisa Murkowski (R-Alaska), have expressed their support when it comes to providing funding for rebuilding the U.S. Virgin Islands infrastructure that would be stormproof.

As the scientific community has agreed that hurricanes will likely be more common in the future due to