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Bill > AB266
WI AB266
The fee for filing limited liability company articles of organization with the Department of Financial Institutions. (FE)
summary
Introduced
05/19/2025
05/19/2025
In Committee
05/19/2025
05/19/2025
Crossed Over
Passed
Dead
Introduced Session
2025-2026 Regular Session
Bill Summary
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 Xstudent entrepreneurY 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 Xstudent entrepreneurY to include a student who is enrolled in a public, private, or tribal high school in this state or is homeschooled. For further information see the state fiscal estimate, which will be printed as an appendix to this bill.
AI Summary
This bill modifies the existing law regarding filing fees for limited liability company (LLC) articles of organization by expanding the definition of a "student entrepreneur" who can be exempt from the standard $130 filing fee. Currently, the fee exemption applies only to students enrolled in a postsecondary institution in the state. The bill broadens this definition to include students enrolled in public, private, or tribal high schools in the state, as well as students who are homeschooled through a home-based private educational program. This expansion means that younger entrepreneurs, including high school students and homeschooled students, will now be able to form an LLC without paying the standard filing fee with the Department of Financial Institutions. The bill will take effect on the first day of the second month after its publication, and will apply to LLC articles of organization filed from that date forward, potentially encouraging younger students to explore entrepreneurship by lowering the financial barrier to forming a business entity.
Committee Categories
Business and Industry
Sponsors (29)
David Armstrong (R)*,
Mike Bare (D)*,
Elijah Behnke (R)*,
Robert Brooks (R)*,
Ben DeSmidt (D)*,
Barbara Dittrich (R)*,
Steve Doyle (D)*,
Benjamin Franklin (R)*,
Russell Goodwin (D)*,
Rick Gundrum (R)*,
Alex Joers (D)*,
Dan Knodl (R)*,
Rob Kreibich (R)*,
Dave Maxey (R)*,
Paul Melotik (R)*,
Vincent Miresse (D)*,
Jerry O'Connor (R)*,
Ann Roe (D)*,
Joe Sheehan (D)*,
Lee Snodgrass (D)*,
Julian Bradley (R),
Rachael Cabral-Guevara (R),
Rob Hutton (R),
Chris Kapenga (R),
Steve Nass (R),
Brad Pfaff (D),
Melissa Ratcliff (D),
Mark Spreitzer (D),
Bob Wirch (D),
Last Action
Fiscal estimate received (on 05/21/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://docs.legis.wisconsin.gov/2025/proposals/reg/asm/bill/ab266 |
| Fiscal Note - AB266: Fiscal Estimate From DFI | https://docs.legis.wisconsin.gov/2025/related/fe/ab266/ab266_dfi.pdf |
| BillText | https://docs.legis.wisconsin.gov/document/proposaltext/2025/REG/AB266.pdf |
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