Whenever most people think about start-ups and young entrepreneurs, their minds tend to picture Silicon Valley or Silicon Beach. Though California is synonymous with up and coming businesses, it may not be for much longer.
Across the country, West Virginia passed legislation on March 12, 2016 that is breaking down the barriers of entry for young entrepreneurs. Effective July 1, 2016, West Virginia House Bill 2897, also known as the Young Entrepreneur Reinvestment Act, will waive business filing fees for residents under the age of 30. Filing exemptions for non-profit and for-profit corporations as well as limited liability corporations are included in this bill. (more…)