For Hub City Times

MADISON –As of May 1, any college student in Wisconsin who creates a Limited Liability Corporation (LLC) will have the $130 filing fee waived. The waiver was enacted when Governor Scott Walker signed Wisconsin Act 177 into law earlier this year.

The LLC filing fee will be waived for Student Entrepreneurs who meet the following criteria: The student is enrolled in a post-secondary institution in Wisconsin; the student is an organizer of the LLC or will be a member of the LLC upon its formation, and the LLC is being formed as a business start-up; and the student is at least 18 years of age.

In order to be eligible for the fee waiver, the student must submit Form 502SE and a completed affidavit to the Department of Financial Institutions (DFI). For more information, visit http://www.wdfi.org/corporations.