Qualified New Business Ventures will no longer have to pay additional state fees
Friday, June 29, 2018
New state law expected to save start-up companies thousands of dollars
Madison, WI. — Wisconsin early-stage companies that are certified as Qualified New Business Ventures and incorporated as C corporations in other states will no longer have to pay additional assessment fees under a new state law that takes effect today.
Until today, state law required “foreign” C corporations – those legally incorporated in other states – to pay variable fees associated with the filings of certificates of authority, annual reports and applications of withdrawal with the Wisconsin Department of Financial Institutions (DFI). Many C corporations are incorporated in Delaware but have significant operations or headquarters in Wisconsin.