Fee Waiver for Small Business Registrations
New rules could allow small businesses meeting specific income criteria and facing financial hardship to avoid paying an annual fee required by law. This means potential savings for owners of such businesses, making it easier for them to operate.
Key points
Potential waiver of the annual registration fee for small businesses.
Small business defined as having $1 million or less in annual gross receipts.
Waiver granted if the business is small AND paying the fee is a financial hardship.
Businesses must provide proof (like tax returns) to show they meet the criteria.
The decision on the waiver is final.
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