Business Filings Announces BizComply, an Online Compliance Management Tool for Small Business Owners; BizComply Helps Corporations and LLCs Manage Annual State Requirements.

Business Editors

MADISON, Wis.--(BUSINESS WIRE)--April 21, 2004

Business Filings Incorporated, a leading provider of small business incorporation services, announced today the availability of BizComply(SM), a web-based application created to help small business owners manage annual requirements imposed by states in which they are doing business. BizComply provides email reminders to owners alerting them of impending deadlines on events such as annual report filings, tax filings, and various corporate meeting deadlines.

"Complying with state requirements and ongoing formalities is often at the bottom of a long list of priorities for small business owners who are busy handling other demands," stated Mark Schiff, General Manager of Business Filings. "Failing to undertake these steps, however, can jeopardize the status of the company and lead to consequences as serious as the loss of limited liability protection. BizComply eliminates the research necessary to find each state's corporate and LLC requirements, reminds business owners of the vital steps to take and when, and in many cases provides them with the tools necessary to meet these requirements. It is a real time saver."

The Importance of Compliance

For corporations and LLCs, failure to perform such tasks as filing an annual report with the state, paying state franchise taxes, and holding annual meetings of corporate directors and shareholders can lead to "piercing the corporate veil." When the corporate veil is pierced, the company is no longer deemed to be operating as a corporation or LLC, and this can result in the loss of limited liability protection afforded to the owners of the business.

About BizComply

BizComply outlines critical compliance events, provides notification before these events need to happen, provides access to important forms, and houses important company information in one convenient online location. Customers can keep track of multiple businesses through a single account. Additionally, if customers are transacting business in multiple states, BizComply will help manage the compliance requirements for each of those states. BizComply comes with a number of pre-loaded events based on whether customers have a corporation, LLC, or nonprofit and in which state(s) they are transacting business. It also allows for unlimited creation of custom events.

Access to BizComply is included free with Business Filings' registered agent service. Alternatively, BizComply can be purchased as a stand-alone product for $50 per year. More information on BizComply can be found on the Business Filings website at http://www.bizfilings.com/products/BizComply_Product.htm.

About Business Filings

Business Filings Incorporated (www.bizfilings.com) is the Internet leader in providing incorporation and related services to small business owners. Since its inception in 1996, Business Filings has helped over 60,000 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. Business Filings is a Wolters Kluwer company.