Texas' youngest entrepreneurs are eagerly watching the Texas Capitol this year.

State representatives recently passed House Bill 234, which would legalize kid-run lemonade stands in Texas, but the bill still has to pass in the Senate and get the governor's signature to become law.

But the pending legal status won't stop hundreds of young Austinites from setting up lemonade stands on May 11, the annual Lemonade Day, which for 10 years has inspired young people to learn about business by selling cups of something sweet to drink.

Organizers say more than 2,000 kids will participate in this year's Lemonade Day Austin, the 10th annual event that encourages participants to create a budget, set profit-making goals, provide good customer service, repay investors and give back to the community. It's free to participate, and you can register your stand online.

One past participant, Mikaila Ulmer, went on to start a national lemonade company called Me & The Bees Lemonade.