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A limited partnership is a form of partnership in which some of the partners contribute only financially and are liable only to the extent of the amount of money that they have invested. In a limited partnership structure, limited partners are shielded to the extent of their investment.
A limited partnership is formed by filing a certificate of limited partnership with the state signed by all general partners.
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). DLCA will complete the "One Step" review process with the following government agencies: Police Department. VI Bureau of Internal Revenue (tax clearance)
Any trademark to be registered in the USVI must already be fully registered in the United States. For any application in the USVI, the applicant must provide to the USVI Division of Corporations and Trademarks a Certified copy of the corresponding United States Certificate of Registration.
On January 11 2018, the new BVI Limited Partnership Act 2017 (the ?Act?) came into effect and is designed to enhance the commercial attractiveness of the BVI as the jurisdiction of choice when structuring corporate arrangements.