BizFilings wants to help business owners Incorporate Your Dream^sm by providing the opportunity for one lucky business owner to win $5000 to fund a growing business.

It takes a lifetime for many individuals to learn the secrets to starting a business. For others, it might take as little as five minutes with some help from the host of Business Owner’s Toolkit radio show.

Business incorporation services leader BizFilings has been selected for the 2008 Madison Award in the Business Services category by the U.S. Local Business Association (USLBA).

Business Owner’s Toolkit, the total know-how for small businesses, is helping bring new business wishes to life this holiday season by telling the story of how Old St Nick became the successful business owner, Santa Claus.

The story of Nick becoming Santa Claus is chronicled in, Santa’s Storybook: A Dream, A Wish and a World of Inspiration.

Challenges in the current economy are leading many successful business people in corporate America away from Wall Street and back to Main Street where they can realize lifelong dreams of owning their own business.

Question: Is it true that I save tax dollars if I form an LLC?

Answer: Generally speaking, personal tax rates are lower than corporate tax rates. Corporate income is taxed at 34 to 39 percent. Singles making under $80,000 and marrieds making under $160,000 have a personal income tax of 25 percent. This means that businesses with incomes that are less than $350,000 may experience tax savings by forming an LLC instead of a corporation.

Becoming the president of an international corporation used to take a lifetime of hard work. Now it can be done with a PC, strong entrepreneurial spirit and the remaining balance of 2008.

Although it may be too late for sole proprietors to gain the tax advantages of forming an LLC or corporation in 2008, it’s not too early to begin adopting these changes for 2009.

Successful business owners agree that every company needs to have a legal structure that provides limited liability protection. However, choosing between the most common options - S corp, C corp and LLC - can still seem daunting. 

Here are five tips for choosing the business structure that’s right for you.

Why is it that 60% of the Fortune 500 companies chose to incorporate in the state of Delaware when most don’t have a physical presence there? Well, the answer is that Delaware offers some tangible advantages over incorporating in other states. Here are 6 compelling reasons to incorporate in Delaware now.