BizFilings' New Incorporation Assistant Simplifies Small Business Startup

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For some entrepreneurs, weaving through the maze of whether to form a C corporation, an S corporation or a limited liability company (LLC) can seem daunting. The BizFilings Incorporation Assistant, available at http://www.bizfilings.com, guides individuals through the 35 most common considerations when forming a legal entity.

The assistant helps individuals consider a full range of formation-related considerations.

It just got easier to get your business off to a smarter start. A new incorporation assistant from BizFilings can help you make wiser choices for your business.

For some entrepreneurs, weaving through the maze of whether to form a C corporation, an S corporation or a limited liability company (LLC) can seem daunting. The BizFilings Incorporation Assistant, available at http://www.bizfilings.com, guides individuals through the 35 most common considerations when forming a legal entity. It helps individuals consider the ownership, personal liability, financing, industry, taxation, employee benefits, accounting, planning for the future, state selection and other important factors related to forming a corporation or LLC.

Mark Schiff, general manager of BizFilings, said the assistant is the most comprehensive self-assessment tool for entrepreneurs and small businesses considering incorporation.

“The BizFilings Incorporation Assistant helps individuals understand how corporate structure and formalities apply to their unique business situation. It identifies important considerations that apply to each type of business entity and the state in which they decide to form their business,” Schiff said.

The assistant poses advantages and disadvantages associated with each entity type and ranks entities based on an individual’s business-related priorities. If individuals are considering several states for incorporation, the BizFilings Incorporation Assistant provides useful information for comparing states by top personal income tax rate, top capital gains tax rate, S corporation tax rate, individual alternative minimum tax (AMT), corporate AMT, personal income tax rate, unemployment tax rate, legal liability ranking and Small Business Survival Tax Index (SBSTI).

Individuals using the BizFilings Incorporation Assistant can get an immediate price quote for filing their entity or print their results to share with their certified public accountant, lawyer, and prospective business partners.

Troy Janisch, marketing director at BizFilings, said the BizFilings Incorporation Assistant is an ideal supplement to the free “Guide to Incorporating Your Business” the company already offers.

“A Guide to Incorporating Your Business” can be requested from the BizFilings Web site (http://www.bizfilings.com) in two formats: CD-ROM and print. The CD version uses a combination of multimedia, audio, and text to present the information included in the printed version of the Guide. The CD is Windows (Pentium II or later) and Macintosh (G3 or later) compatible. For individuals seeking immediate assistance, a Windows version of the Guide is available for immediate download.

Janisch said that entrepreneurs and small business owners often know they want to avoid operating a sole proprietorship or partnership, but they’re confused when it comes to remaining options.

“Individuals who are forming a business for the first time don’t often know the questions they need to discuss with their accountant, their lawyer and prospective partners. The result can be an unbalanced opinion,” Janisch said. “The assistant helps individuals consider a full range of formation-related considerations.”

About BizFilings

BizFilings is the Internet leader in providing incorporation and related services to business owners. BizFilings professionally forms corporations, limited liability companies (LLCs), and nonprofits faster than anyone else. The rush service makes it possible to file a corporation or an LLC in as little as 24 hours.

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, LLC, and nonprofit formation needs. The company is headquartered in Madison, Wisc., 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.

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Troy Janisch
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