Intuit snaps up Docstoc for its business document smarts

Intuit(s intu) is planning to buy Docstoc, a document hosting and sharing service. As its name implies, Docstoc offers an array of business documents — for financial, legal, human resources and other applications for small business owners and independent contractors.

Although, Intuit already offered checks and tax documents, Docstoc fills out that portfolio with everything from trademark assignment agreements to reverse mortgage agreements and other customizable legal documents as well as how-to videos and other resources for resource-constrained small businesses.

Docstoc also hosts an  iTunes-like store.where third parties can post and sell their document templates.

Terms were not disclosed but the deal is expected to close in the first quarter of 2014. Fifty Docstoc employees, including its CEO and co-founder Jason Nazar will stay on at Docstoc’s current Santa Monica, Calif. location.