Many small business owners don’t realize the compliance obligation that must be maintained after they have formed a new business entity
Madison, WI (PRWEB) April 18, 2006
Are you in or out–of compliance? For small business owners who address thousands of details each day, a complex issue like regulatory compliance can be overwhelming. A new white paper from BizFilings, "Business Compliance: Are You In or Out?" will provide invaluable insights into compliance issues and may help avoid potential legal hassles down the road.
"One of the reasons small businesses fail is because they do not understand compliance and how it affects their business," BizFilings Director of Marketing Troy Janisch said. "That’s why we are committed to helping the small business owner get a better grasp at understanding and then maintaining local, state and federal regulations that address compliance."
Small businesses with less than 50 employees represented 95.4 percent of the 7.9 million businesses in the United States in 2004. Each year, however, the number of business startups is equal to the number of closures. Compliance issues are a major factor in many of the closures.
"Many small business owners don’t realize the compliance obligation that must be maintained after they have formed a new business entity," Janisch said. "Noncompliance can lead to numerous, frustrating legal challenges. Our white paper goes to the heart of compliance issues for all small businesses."
Specifically, the new white paper addresses: The consequences of noncompliance; Major hurdles to compliance; Protecting personal and business assets; and, Time-saving solutions.
The white paper is available for download at: http://www.bizfilings.com/whitepapers
BizFilings is the leading Internet provider of incorporation and related services to business owners. BizFilings professionally forms corporations, LLCs, and nonprofits faster than anyone else. The company also offers Ultimate Business Planner software to help new businesses succeed.
As a company started in 1996 by entrepreneurs seeking online resources to start a business of their own, BizFilings embraces the entrepreneurial spirit. The company has grown rapidly in the past decade, helping over 100,000 domestic and international business owners with their corporation, limited liability company, and nonprofit formation needs. The company is headquartered in Madison, WI, with satellite operations around the country.
BizFilings is a part of Wolters Kluwer, a leading multinational publisher and information services company with annual sales as of 2005 of €3.4 billion and approximately 18,400 employees worldwide.