Wisconsin Legislative Council
AMENDMENT MEMO
One Ea st Ma in Stre e t, Suite 401 • Ma dison, W I 53703 • (608) 266-1304 • le g.council@le gis.wisconsin.gov • http://www.le gis.wisconsin.gov/lc
Memo published: February 29, 2024 Contact: Dan Schmidt, Deputy Director
2023 Senate Bill 881
Senate
Amendment 1
2023 SENATE BILL 881
Senate Bill 881 expands the definition of a student entrepreneur for the purposes of an exception to the
filing fee for the formation of a Wisconsin Limited Liability Company (LLC). Under current law, a
student entrepreneur is defined as a student who is at least 18 years of age, enrolled in a postsecondary
institution in this state, and an organizer or member of an LLC formed as a business start-up. The bill
redefines a student entrepreneur to include a student who is enrolled in a public, private, or tribal high
school in Wisconsin.
SENATE AMENDMENT 1
Senate Amendment 1 further expands the definition of student entrepreneur to include students who
participate in home-based private educational programs, commonly referred to as home-schooling.
BILL HISTORY
Senate Amendment 1 was offered by Senator Bradley on February 26, 2024. On February 27, 2024,
Senate Amendment 1 was recommended for adoption and Senate Bill 881 was recommended for
passage, both on votes of Ayes, 5; Noes, 0; by the Senate Committee on Financial Institutions and
Sporting Heritage.
For a full history of the bill, visit the Legislature’s bill history page.
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