MOUNTAIN VIEW, Calif. - Nov. 21, 2005 - Intuit Inc. (Nasdaq: INTU) today announced it has completed its acquisition of My Corporation Business Services, Inc. Doing business as MyCorporation.com, the company is a leading provider of services that enable small- and mid-sized businesses to incorporate and form limited liability companies, or LLCs, online.

Intuit paid approximately $20 million in cash for MyCorporation.com. Intuit does not expect the acquisition to have a material effect on financial results in fiscal 2006.

About Intuit Inc.

Founded in 1983, Intuit had annual revenue of more than $2.0 billion in its fiscal year 2005. The company has nearly 7,000 employees, with major offices in 13 states across the United States and offices in Canada and the United Kingdom. More information can be found at www.intuit.com.

About MyCorporation.com

MyCorporation.com was founded in 1997 and is a leading provider of incorporation and related corporate services to customers on-line. MyCorporation.com’s offerings enable customers to complete entity formation, trademark searches and registrations, copyright registrations, DBA registrations and appointment of agents. My Corporation does not provide legal advice. My Corporation encourages its customers to consult with legal counsel about these matters.

Cautions About Forward-Looking Statements

This press release contains forward-looking statements, including expectations relating to our acquisition of My Corporation Business Services, Inc. and its expected effect on Intuit’s financial results. Because these forward-looking statements involve risks and uncertainties, there are important factors that could cause actual results to differ materially from our expressed expectations. These factors include, without limitation, the following: Intuit may not be successful at integrating MyCorporation.com assets and employees into our business; Intuit may not be able to retain key employees; State laws and regulations governing incorporation services may limit future market opportunity or impose additional costs on Intuit. More details about these and other risks that may affect our business are included in our Form 10-K for fiscal 2005 and in subsequent Forms 10-Q, and other SEC filings. You can locate these reports through our website at http://www.intuit.com/about_intuit/investors. We do not undertake any duty to update any forward-looking statement or the information in this press release except as otherwise required by law.

Intuit and the Intuit logo are registered trademarks of Intuit Inc. in the United States and other countries.

Source: Intuit

Source: Wired News