New Wisconsin law eases fees for some startup companies

A new state law is expected to help startup companies save thousands of dollars in fees, the Wisconsin Economic Development Corp. says. 

The law that took effect Friday consists of complex business-speak, but it basically boils down to this: Wisconsin early-stage companies that are certified as "Qualified New Business Ventures" and incorporated as "C" corporations in other states no longer must pay fees associated with filing certain business documents with the state. 

The WEDC estimates that under the old law, the typical out-of-state company certified under the QNBV program paid about $7,500 in additional fees to the state of Wisconsin.