Calabasas, NY (PRWEB) November 9, 2010
MyCorporation, a leader in business-focused document filings, announced business trend and specific market intelligence data regarding the current small business landscape.
MyCorporation provides a multitude of services for startup and existing businesses, including corporation and LLC formations, business licenses, and trademark registrations. The company maintains a detailed database of all customer incorporations and other businesses services. MyCorporation extrapolates this data for better marketing focus and segmentation and to also discover overall business trends.
Compared to the 2.1 million Limited Liability Corporations (LLCs) formed last year, MyCorporation sees a similar trend for 2010 when reviewing state by state numbers. The company’s data points towards an increase in the formation of lower-cost businesses. “Our customer service staff talk to all of our clients, and are hearing many of them talk about starting their own businesses such as consulting and web-based firms that involve substantially lower start-up costs than other sectors,” said Deborah Sweeney, CEO of MyCorporation. A related trend is the demand for locally grown or produced products
MyCorporation reports substantial increases in incorporation filings of green-related businesses throughout the country. Entrepreneur magazine reports that 27% of a total investment of $1.6 billion from venture capital firms in Q3 of 2010 went to green tech companies. This investment total positioned green tech ahead of biotech and IT-related businesses in terms of venture capital dollars.
Texas has experienced a large upswing in company formations, with MyCorporation seeing for the first time more LLC formations based in Texas in 2010 than in California, Delaware, and Nevada. Bureau of Labor Statistics report 178,700 new Texas jobs were created in the first half of 2010 and in 2009 Texas accounted for creation of 59% of all new jobs in the United States.
MyCorporation customers have recently expressed increased interest in the new opportunities presented by the government’s Small Business Jobs Act. “The legislation now permits the deduction of $10,000 in business start-up costs as opposed to the previously allowable $5,000,” said Sweeney. “One of the bigger costs for new businesses can be incorporation, and this new deduction frees up more capital for entrepreneurs to properly protect themselves through LLC or incorporation. We provide small business owners with straightforward and affordable tools to setup their business without needing the expensive services of a lawyer,” continued Sweeney.
Real estate investors are increasingly using MyCorporation’s services to form LLCs in order to safeguard personal liability from volatile property investments. According to foreclosure marketplace RealtyTrac, the number of homes taken over by banks for the first time eclipsed 100,000 in September of 2010. Investors have been a major buyer of homes nationwide, and in August 2010, they accounted for 21% of existing home sales according to the National Association of Realtors.
For more information about MyCorporation’s leading services for businesses, visit http://www.mycorporation.com.
MyCorporation is a leading provider of online document filing services for clients who wish to form a corporation or limited liability company.
For nearly ten years, MyCorporation has helped small business clients and real estate investors incorporate their businesses in a reliable and affordable manner.
In addition to offering document filing services for online incorporation, MyCorporation also offers trademark searches and applications, copyright registrations, DBA registrations, registered agent services and many more products that help customers protect and maintain the legitimacy of their businesses.
# # #