Virgin Islands Memorandum of Operating Agreement

State:
Multi-State
Control #:
US-OG-351
Format:
Word; 
Rich Text
Instant download

Description

This is a form of a memorandum providing notice that the operator and nonoperators have entered into an Operating Agreement and states their respective working interests.
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FAQ

Yes. US citizens can use their driver's license as their government-issued photo ID for domestic travel, which includes the USVI. However, before departing the USVI, you must prove US citizenship or lawful residence. Proof can include a trusted-traveler program card or a raised-seal birth certificate.

The USVI is an organized, unincorporated territory of the United States, meaning it follows U.S. laws but also has its own local government. It also means that not all of the U.S. Constitution applies to the people living there.

A durable power of attorney contains a ?durability clause,? which is a provision permitting your designated attorney-in-fact to act on your behalf in the event you are unable to handle your affairs. A general power of attorney permits your attorney-in-fact to act on your behalf in all of your personal affairs.

Insular possessions that are not part of the customs territory include the U.S. Virgin Islands, American Samoa, Guam, American Soma, Wake Island, Midway Islands, and Johnson Atoll. Because these insular possessions are outside the territory of U.S. customs, they require a customs declaration.

To get started: Create a business plan. Register your trade name and/or corporation with the Office of the Lieutenant Governor. Select a good location and obtain a copy of an unsigned lease or letter of intent from the owner. Obtain a business license from the V.I. Department of Licensing and Consumer Affairs (DLCA)

To start a business in the U.S. Virgin Islands you will need to obtain a business license from the Department of Licensing and Consumer Affairs (DLCA).

As a United States Territory, travel to the U.S. Virgin Islands does not require a passport for U.S. citizens arriving from Puerto Rico or the U.S. mainland. Entry requirements for non-U.S. citizens are the same as for entering the United States from any foreign destination.

Security measures in the Virgin Islands are unique. All passengers and crew traveling from the U.S. Virgin Islands to the continental United States and Puerto Rico must be cleared by officers of U.S. Customs and Border Protection (CBP) to determine admissibility to the United States.

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Virgin Islands Memorandum of Operating Agreement