There’s no better time for students to become entrepreneurs.

Effective today, college students in Wisconsin who create a Limited Liability Corporation (LLC) will have the $130 filing fee waived if they meet certain criteria, thanks to the Wisconsin Act 177 signed into law earlier this year by Gov. Scott Walker, the Wisconsin Department of Financial Institutions (DFI) announced today.

“This is a great way to encourage the entrepreneurial spirit of college students across the state and show that Wisconsin is open for business,” Department of Financial Institutions Secretary Jay Risch said in a statement.

According to a release, the student must be 18 years or older, enrolled in a post-secondary institution in Wisconsin and an organizer of the LLC or a member upon its formation. In addition, the LLC has to be formed as a business startup.

Interested students must submit a Form 502SE and a completed affidavit to DFI.