Secretary of State Natalie E. Tennant’s “Business Boot Camp” was signed into law in 2015.
The new law will waive the registration fee for a new business started by a veteran and the annual report filing fee for the first four years – a potential savings of up to $200. The Secretary of State’s Office is absorbing the cost of waiving the fees and the law will not cost taxpayers any additional money.
“The military is a great training ground for future business owners,” Tennant said. “They are learning leadership, discipline, confidence and organizational skills — all of which are vital to running a successful business. We want to make the transition from boots to business as simple as possible for them.”
James McCormick, a representative of that coalition who started a business when he completed his military service said, “This will encourage other veteran-owned businesses to come to West Virginia. It will carry the most weight outside the state.”
All 100 members of the West Virginia House of Delegates and all 34 members of the State Senate unanimously agreed to pass Secretary Tennant’s “Business Boot Camp” on Saturday, March 14 2015.