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Jan. 23, 2006 – Lieutenant Governor Vargrave Richards is strongly encouraging delinquent holders of trade name certificates to satisfy the renewal requirements of Section 1213, Title 11, of the Virgin Islands Code ("V.I.C.").
The Lieutenant Governor also reminds all corporate citizens to ensure that they are in compliance with the Territory's franchise tax statutory provisions of Section 531, Title 13, V.I.C. Failure to adhere to the stated laws could result in the revocation of a trade name, the assessment of penalties and interest, or corporate dissolution.
For more information concerning trade names or corporate standing, please contact the Division of Corporations and Trademarks at 773-6449 on St. Croix or at 776-8515 on St. Thomas.