West Virginia HB5227 revises annual report fees for businesses, allows for late fee waivers, and mandates a veteran-owned business logotype.

West Virginia HB5227 modifies the annual report fees for corporations, limited partnerships, and limited liability companies, setting the fee at $25. It also introduces administrative late fees of $50 for corporations and $25 for nonprofit corporations if they fail to file their annual reports on time. The bill allows the Secretary of State to waive or reduce these late fees under certain conditions. Additionally, it mandates the Secretary of State to create a veteran-owned business logotype, which businesses can apply to use, and provides guidelines for such applications.

West Virginia HB5227 revises annual report fees for businesses, allows for late fee waivers, and mandates a veteran-owned business logotype.

West Virginia HB5227 modifies the annual report fees for corporations, limited partnerships, and limited liability companies, setting the fee at $25. It also introduces administrative late fees of $50 for corporations and $25 for nonprofit corporations if they fail to file their annual reports on time. The bill allows the Secretary of State to waive or reduce these late fees under certain conditions. Additionally, it mandates the Secretary of State to create a veteran-owned business logotype, which businesses can apply to use, and provides guidelines for such applications.