Reversal of State Fortunes

The Corporate Company seeking to lobby several states to reduce or outright remove incorporating costs temporarily to encourage new small business growth around the country. Several states have been found lately to be revisting their policies and procedures with the hopes of luring small business creation and new investment by either reducing or flat out removing incorporation and permit fees from the state's coffers.

This has been viewed as a quick fix by some critics as a cheap ploy and has sparked fears that the absent dollars will have to be made up somewhere else to prevent a financial shortfall in some state programs.

While supporters of this effort site due to the lack of tax dollars currently being suctioned from the projected state revenues, this effort will kick off a type of small business growth and investment at the local level that many states truly need at this time.

The State of Georgia is one of the few states that has already reduced many of their existing fees for various permits and many of the filing documents that fall under the Secretary of Stateof Georgia and future republican gubenatorial candidate, Karen Handel. Secretary Handel's spokesperson declined to go any further at this time to permit the State Assembly to address these matters in their way first...however, evidence of a fee reduction is already visible on the state's Division of Corporations webpage.

Since The Corporate Company provides incorporating services for free to our clients currently, we clearly advocate for these state departments to get in line and use this effort to spur the additional growth that many of these states so desperately need. One our efforts here as been to redirect many clients to incorporate in other states that either provide reduced incorporation fees and/or to a state that would temparily waive these fees altogether.

Stay tuned, you haven't heard the last of this matter.