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Helpful Articles - Puerto Rico Business

Before Hurricane Maria tore across the island of Puerto Rico in September 2017, few Americans had heard of the Jones Act. If you 1) don’t work in the shipping industry or 2) don’t live in a destination impacted by this law, you might not think much about this  sub-section of the Merchant Marine Act of 1920. The Jones Act requires that all ships carrying goods between two U.S. destinations be built, owned, and operated by U.S. citizens or permanent residents. During Puerto Rico’s recovery from Hurricane Maria, the Jones Act made headlines nationwide as President Donald Trump issued a temporary waiver for the territory. The goal? To expedite relief, aid, and supplies to the people...

Savvy business owners and operators are always looking for ways to keep more of their revenue, and reducing taxes is a great place to start. Because your location plays such a central role in the taxes you pay, you may find yourself looking for a business-friendly spot for your operation. This might be especially true if you’re running a business in one of the 10 worst state tax climates in the U.S., as ranked by the Tax Foundation’s State Business Tax Climate Index. The list takes into account a number of different factors—including corporate, property, sales, and unemployment taxes—and rates how well states structure their...