Bill > SB881

Introduced Session

This bill expands the filing fee exception for a student entrepreneur who forms a limited liability company (LLC). Current law establishes a fee of $130 for filing LLC articles of organization with the Department of Financial Institutions. However, DFI may not collect this fee if the LLC members or organizers are all student entrepreneurs. A “student entrepreneur" is defined as a student who is at least 18 years of age, enrolled in a postsecondary institution in this state, and an organizer or member of an LLC formed as a business start-up. This bill expands the definition of “student entrepreneur” to include a student enrolled in a public, private, or tribal high school in this state. For further information see the state fiscal estimate, which will be printed as an appendix to this bill.

AI Summary

Committee Categories

Joan Ballweg (R)*,  Julian Bradley (R)*,  Rachael Cabral-Guevara (R)*,  Steve Nass (R)*,  Brad Pfaff (D)*,  Kelda Roys (D)*,  Mark Spreitzer (D)*,  Elijah Behnke (R),  Sue Conley (D),  Dave Considine (D),  Steve Doyle (D),  James Edming (R),  Jenna Jacobson (D),  Alex Joers (D),  Dave Maxey (R),  Jerry O'Connor (R),  Loren Oldenburg (R),  Lori Palmeri (D),  Nik Rettinger (R),  Angie Sapik (R),  Peter Schmidt (R),  Katrina Shankland (D),  Lisa Subeck (D), 

Failed to pass pursuant to Senate Joint Resolution 1 (on 04/15/2024)

Official Document