Madison, WI–(HISPANIC PR WIRE – BUSINESS WIRE)–October 29, 2004–Business Filings Incorporated, a leading provider of small business incorporation services, announced today the availability of its website (http://www.bizfilings.com) in Spanish. Through an “En Espanol” link on Business Filings’ homepage, Spanish-speaking entrepreneurs can now access content to learn about the incorporation process and options available to them. They can also access a Spanish order form in order to form their business as a corporation, limited liability company (LLC) or nonprofit corporation in any state.
According to the Minorities in Business, 2001 report from the U.S. Small Business Administration Office of Advocacy, the number of Hispanic-owned businesses grew 30 percent from 1992 to 1997 (the year of the most recent data from the U.S. Census Bureau) versus a growth rate of only seven percent for all U.S. businesses for the same time-period.
There were over one million Hispanic-owned businesses in 1997, the most of any minority group. With Hispanics continuing today to represent the largest growth in population of any minority group, it is reasonable to assume the number of Hispanic-owned businesses continues to grow.
The SBA’s report also states that over 85% of Hispanic-owned businesses in 1997 operated as sole proprietorships. In a sole proprietorship, the owner’s personal assets are considered legally the same as the business assets and can be used to satisfy business debts. Incorporating a business or forming an LLC helps to protect the owner’s personal assets. Incorporation also provides certain tax advantages and can establish credibility for a new business.
“There is tremendous growth potential for incorporation services among Hispanic-owned businesses, and we’ve seen the demand in our own business,” stated Mark Schiff, General Manager of Business Filings. “By offering incorporation services through a translated website and offering customer support with bilingual customer service representatives, Business Filings can better serve this ever-growing community of small business owners.”
About Business Filings
Business Filings Incorporated (http://www.bizfilings.com), a part of Wolters Kluwer Corporate & Financial Services, is the Internet leader in providing incorporation and related services to small business owners. Since its inception in 1996, Business Filings has helped over 75,000 domestic and international business owners with their corporation, limited liability company and nonprofit formation needs. The company is headquartered in Madison, Wisconsin with satellite operations around the country.
Wolters Kluwer is a leading multinational publisher and information services company. The company’s core markets are spread across the health, tax, accounting, corporate, financial services, legal and regulatory, and education sectors. Wolters Kluwer has annual revenues (2003) of EUR 3.4 billion, employs approximately 18,750 people worldwide, and maintains operations across Europe, North America, and Asia Pacific. Wolters Kluwer is headquartered in Amsterdam, the Netherlands. Its depositary receipts of shares are quoted on the Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices.
Business Filings Incorporated
Megan Rusch, 608-827-5300 x230