Recession Sparks Rise in Demand for Women-Owned Home-Based Business Incorporation Services
MADISON, WI - June 15, 2009
BizFilings, an online incorporator serving the entrepreneurial marketplace, today announced the availability of an online resource center for women that enumerates the benefits and process of incorporating. The new service provides a clear and concise means of selecting an appropriate business structure and offers a variety of other online and print resources for female entrepreneurs. This incorporating tool enables women to protect and grow their businesses during these challenging economic times that have created a sharp increase in women-owned home-based businesses.
According to the 2009 Global Employment Trends for Women report issued by the International Labour Office (ILO), the economic crisis is expected to increase the number of unemployed women by up to 22 million in 2009. The report also reveals that the gender impact of the recession on unemployment is expected to be worse for women in most regions of the world, including the U.S. Not surprisingly, the number of U.S. women starting businesses from their homes is also on the rise. In fact, the majority of today’s 13.8 million income-generating home businesses are owned by women.
"While we’ve seen an increase in the number of women using our online services to incorporate their home-based businesses since the recession, we feel a large portion of female entrepreneurs have not yet incorporated," notes Karen Kobelski, general manager of BizFilings. "That’s a cause for concern because incorporating - be it an LLC, S Corp or C Corp - helps protect their family’s personal assets, can provide them with tax advantages that will help them weather the recession and can help them establish credibility that will help build their business."
The BizFilings’ resource center provides instant online quotes that include all fees and offers fast and easy incorporation services that are generally less expensive than incorporating with the assistance of an attorney. It provides incorporation services for all 50 states, can incorporate a business within 24 hours, stores all relevant business documents on behalf of clients and sends compliance alerts.
A recently produced informative video segment that originally aired on Lifetime Channel’s "The Balancing Act" is now also available to Web site visitors. Lifetime recognized that home-based businesses and women entrepreneurs were a large part of their audience and sought to feature a segment on the importance of incorporating a home-based business. It identified BizFilings as a leader in professional incorporation. The segment aired on Lifetime in April and May and again on June 15th on "The Balancing Act."
The resource center and BizFilings’ video for Lifetime Channel are available at www.BizFilings.com.
BizFilings is a full-service online incorporation service provider, offering small business owners a fast, easy and economical way to form a corporation, limited liability company (LLC) or other business structure online or by phone. BizFilings also offers a full range of business filing and compliance products, including nationwide Registered Agent service, helping keep businesses in compliance with state regulations. BizFilings can be found online at www.BizFilings.com. BizFilings is a part of Wolters Kluwer, a leading global information services and publishing company. Wolters Kluwer had 2008 annual revenues of €3.4 billion, employs approximately 20,000 people worldwide and maintains operations in over 35 countries across Europe, North America, Asia Pacific and Latin America.