This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Merger Of Corporation, Charities Bureaus Benefits Businesses, Taxpayers

HARRISBURG, Pa., Dec. 12, 2012 /PRNewswire-USNewswire/ -- As part of the Corbett administration's push to reduce government costs and increase efficiency, the merger of the bureaus of Corporations and Charitable Organizations within the Department of State is resulting in savings to taxpayers and more efficient corporate registrations for businesses.

The merger of the two former bureaus became effective July 1, 2012, with the creation of the Bureau of Corporations and Charitable Organizations. 

"These two bureaus performed many of the same functions, such as processing registrations, for both for profit and non-profit corporations, and charitable organizations," Secretary of the Commonwealth Carol Aichele said.

"By consolidating these operations under one bureau, we have reduced administrative costs and cross-trained employees from both areas, leading to faster processing of corporate and charitable organization registrations, saving time and money for businesses in Pennsylvania," Aichele added.

Combining the two former bureaus is saving taxpayers approximately $130,000 through lower administrative costs, Aichele said, and is part of Gov. Tom Corbett's directive to reduce the operating costs of state government. 

"The cross-training of employees to handle both corporate and charitable organization registrations also allows management to shift personnel to where they are most needed at any given time, making the registration process faster," Aichele said.

"We are consistently meeting our deadline of processing corporate registrations within two business days after receiving the registration.  For businesses, time is money, and quickly processing corporate registrations means companies can meet their own deadlines to get up and running, creating jobs for Pennsylvanians," Aichele said.

The merger also means charitable organizations registering with the state are being checked more thoroughly before being given the okay to solicit donations, better protecting Pennsylvanians from scams, Aichele said. State law requires a charitable organization application to be reviewed within 10 business days or be automatically approved. 

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $94.98 -0.21%
FB $116.77 -0.56%
GOOG $692.36 0.00%
TSLA $230.00 -1.00%
YHOO $36.01 0.00%


Chart of I:DJI
DOW 17,750.91 -140.25 -0.78%
S&P 500 2,063.37 -18.06 -0.87%
NASDAQ 4,763.2240 -54.37 -1.13%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs