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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.

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