MyNewVenture.com Launches Online Incorporation Services for Entrepreneurs and Small Businesses

As a weak labor market sparks an increase in the number of new business startups, a new Web site answers the call for easy, low-cost incorporation services.

Reston, VA (PRWEB) May 24, 2004 --- New Ventures, LLC today announced the launch of online incorporation services at its Web site, www.MyNewVenture.com, offering a no-hassle, low-cost method of incorporating for small business owners, startup companies and entrepreneurs. Business owners can easily obtain incorporating services online, avoiding mounds of confusing paperwork and high-priced attorney fees.

The Web site features helpful articles and resources for starting a new business. MyNewVenture.com is a reflection of our commitment to entrepreneurs," said Chrissie Mould, CEO of New Ventures. Startup business owners already have time constraints and expenses to consider, and we are pleased to support them by offering an easy, affordable incorporating solution and valuable tools to help them build successful businesses."

Although other incorporation services exist on the Internet, MyNewVenture.com has some notable differences. Obvious differences are the sites ease of navigation and use of plain language to explain the legal aspects of incorporating to the layman. Another difference is that the site specializes in a select list of states in which the incorporating services are offered. While we also incorporate businesses in the ever-popular Delaware and Nevada, we are the first online incorporating services provider to focus on businesses in Virginia, Maryland and Washington, DC. Company formations are on the rise in this region," Ms. Mould commented.

Indeed. According to a study by the U.S. Small Business Administration, while the number of employer firms rose by 9.8% in the U.S. overall in 2002, in Virginia the number went up by 13%. In both Maryland and the District of Columbia the number increased by almost 16%. MyNewVenture.com features a Benefits by State" section that outlines the advantages and tax incentives of doing business in each state.

Business formation packages include the certificate of incorporation, sample bylaws/operating agreement, and preparation of various IRS forms including the application to obtain a federal Tax ID number (or EIN"). Priority or overnight shipping of the documents is also included. With packages starting at $139 plus the applicable state filing fee, entrepreneurs can realize significant savings on incorporating services compared to standard attorney fees which can range from $500 to $1,500.

The launch comes at a time when the country is facing a weak labor market. And a weak labor market often leads to rising self-employment, a situation that occurred in 2002. In a lagging economy, many people begin to go into business for themselves," Ms. Mould said. The move to incorporate is a natural evolution, and we are prepared to fill that need for entrepreneurs-the true innovators and driving force behind a successful economy."

New Ventures, LLC provides low-cost incorporation services and registered agent services via its Web site, www.MyNewVenture.com. Headquartered in Virginia, the company forms corporations and limited liability companies in Virginia, Maryland, the District of Columbia, Delaware and Nevada.

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