2026 Regular Session
HB 5081
Related to establishing a free business registration holiday
In Committee
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Sign in to take action- Introduced
- Passed House of Delegates
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill proposes to waive the $100 fee typically charged to new for-profit businesses and domestic corporations in West Virginia when they first register to operate. The bill aims to encourage business formation in the state by eliminating this initial cost. It also establishes a system for designating specific days each year where this fee waiver applies to new businesses located in West Virginia.
Key provisions
- Waives the $100 registration fee for new for-profit businesses and domestic corporations.
- Establishes a ‘free business registration holiday’ designating specific days each year for the fee waiver.
- Applies the fee waiver to businesses residing in West Virginia.
- Creates a special revenue account (General Administrative Fees Account) to collect fees for certain services.
- Specifies which fees will be deposited into the General Administrative Fees Account.
- Provides an exemption for veteran-owned and active-duty member businesses from the registration fee.
- Allows the Secretary of State to designate expedited service fees up to $500.
- Establishes a prepaid fees and services account for customer convenience.
Who is affected
- New for-profit businesses
- Domestic corporations
- Business owners and entrepreneurs
- The Secretary of State’s office
- The State Treasury
Notable changes
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