HB 5227
Relating to Secretary of State annual reports, fees, and veteran-owned business logotypes
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Sign in to take action- Introduced
- Passed House of Delegates
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill modifies the annual fees charged by the Secretary of State for businesses, including corporations, limited partnerships, and LLCs. It allows the Secretary of State to waive late fees under certain circumstances and establishes a process for designating veteran-owned businesses with a special logotype. The bill also addresses issues related to bad checks, late payments, and data access, including fees for electronic data purchases and a requirement for disclosures in solicitations for annual report filings.
Key provisions
- Establishes an annual report fee of $25 for corporations, limited partnerships, domestic limited liability companies, and foreign limited liability companies.
- Allows the Secretary of State to waive late fees under specific circumstances.
- Creates a veteran-owned business logotype to be used by eligible businesses.
- Establishes fees for electronic purchase of the Business Organizations Database.
- Requires disclosures in solicitations for annual report filings to avoid government endorsement.
- Addresses bad check fees for returned payments.
- Provides for the Secretary of State to waive new business registration fees at entrepreneurship events.
- Requires the Secretary of State to report delinquent businesses to the Tax Commissioner.
Who is affected
- Corporations
- Limited Partnerships
- Domestic Limited Liability Companies
- Foreign Limited Liability Companies
- Veterans
Notable changes
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