Filing Services

“From 2012-2018, more new millionaires will be created than in the last 20 years. While the economy has most people paralyzed, the great ones are reloading, re-strategizing, and taping their creative power to dream up solutions to a host of brand new problems. While the middle class is job hunting, the world class is idea hunting. If you’ve ever dreamed of being rich, get excited and get busy. Your family fortune awaits you.”

-Steve Siebold

Bad news is all around us and only seems to be getting worse each day. Our nation’s leaders are deadlocked about how to solve our problems while the president runs amok with promise and rhetoric that don’t translate to his ability. Unemployment is soaring and the deficit has reached the stratosphere. China is taking the lead as a global power while the USA falters…and our younger generations don’t seem to care that our nation is getting worse, not better.

In a great article from USA Today, a plan is proposed that it’s time for small business to come to America’s rescue—and it can be done. Just as it’s been done before. More than 20 million new jobs—many from startups that grew into billion dollar companies like Amazon.com and Starbucks—were created during the great boom of the Clinton administration. During Reagan’s presidency, great economic progress was fueled by the sentiment that small businesses and entrepreneurs could account for almost all of that growth.

It’s a fact that small business helps America. According to the Small Business Administration, an astonishing 99% of companies with payroll are small businesses—and those companies employ more than 50% of the working public and create an impressive 80% of new job growth.

Small business propels the country forward—and if our stubborn political leaders want to get our country moving again and reclaim our spot as the greatest nation on earth, they need to start putting forth the policies that help small businesses and entrepreneurs do their job. According to the World Entrepreneurship Forum, a global think tank dedicated to small business, some top methods for promoting entrepreneurship include:

• Reform tax and regulatory environments so as to make it easier, faster, and less costly for entrepreneurs to set up enterprises.
• Create entrepreneurship-friendly support institutions that provide technological knowledge, market information, business know-how, certification services, access to capital, and other essential business support.
• Understand entrepreneurship by making it known that entrepreneurs are positive agents of social change, wealth creation, transparency, sustainability, and innovation.

If we had a comprehensive 21st Century Entrepreneurship Act it would include tax reform and regulatory ease. It would include immigration reform to woo the best and brightest entrepreneurs and engineers to our country. It would increase access to capital and help more startups actually start up.

Now Washington just needs to wake up and give small business a chance to save America. Write or call your congressperson and tell THEM to get to work!

A DBA, also known as a sole proprietorship, “doing business as” or a Fictitious Business Name (FBN), is a business that is not separate from its owner and simply operates under a different name than the owner’s name. If your new business will be a sole proprietorship (or a partnership if your company has more than one owner), you will need to file a DBA so that you can “do business as” a name other than your personal name. You also need a DBA to open a bank account in your business name (so you can be paid with checks payable to your business name).

You will also need to file a DBA if your company is already set up as a corporation or an LLC and you want to do business under a different name. For example, if your company name is Platinum Consulting LLC and you also want to operate as Platinum Consultants, you will need to file a DBA. Please note that in this instance, a DBA is not a way to form a corporation or LLC for less money. You must complete the formation of your corporation or LLC before filing for the DBA if you want to operate under a different name.

Start the DBA filing process by choosing your fictitious business name. DBA’s are usually filed at the County Clerk’s office or at the state level, so you will need to know which applies to your location. Once you know who handles DBA filings in your area, you can usually perform a name search with that office. Then you will need to file the DBA paperwork to register your business name, pay the necessary filing fee and satisfy any additional requirements of your county or state before your DBA filing is complete. Many counties, for instance, require that you publish a newspaper announcement to notify the public of your intent to “do business as” another name.

Don’t get bogged down with trying to figure out the DBA requirements of your county or state (there are over 19,000 counties in the USA!). MyNewCompany.com offers a complete DBA filing service including name verification and step-by-step instructions for any after-formation requirements.

Incorporate, Form an LLC or File a DBA and save 15% NOW!

To receive this discount:

1. Place an order for a Corporation or an LLC.
2. On the final step of checkout, click the “Offer Code” link, enter offer code 15NOW.
3. Make sure to click “Apply” and 15% will automatically be deducted from your total.
4. Submit your order.

This is a one-time tax-season special so please act now!

IMPORTANT: the offer code must be applied before submitting an order and is not applicable to orders after they are submitted.

In news that should be terrifying to most US states’ technology administrators, Rwanda (yes, that Rwanda) now has an online business registration system that is faster and easier than most US states. This system allows a person to form a company in Rwanda in 1 hour.

Compare this to the standard processing time of select US Secretary of States (as of June 2010):

• California Secretary of State: 70 Days
• Maryland Department of State: 75 Days
• Nevada Secretary of State: 45 Days
• New York Secretary of State: 20 Days
• Washington D.C. DCRA: 40 Days

So if you want to file a DBA, incorporate a business or form an LLC in the United States, you will almost certainly have to wait longer than your entrepreneurial equivalent in Rwanda. This should be a wake up call to each US Secretary of State’s filing office: in the largest, most powerful economy in the world, we are now falling behind 3rd world countries (recovering from a brutal civil war) in the time it takes to register a business.

The number of new business registrations is an important indicator of the overall health of an economy and US State governments should make upgrading their systems a priority not only to make business startups faster, but to improve and streamline the internal operations of their own offices.