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Forming an LLC in Wisconsin
Forming an LLC in Wisconsin is not a strenuous undertaking, but it can be a bit time consuming so if you are a busy entrepreneur you may wish to take a look at some of the incorporation agencies that can take care of all the paper work for you. When it comes to the Operating Agreement, the safest bet is to let an attorney go through it before it is adopted, because legally flawed Operating Agreements are known to cause problems with the IRS.
Forming an LLC in Wisconsin in 5 easy steps
- Choose a name for your company. The name must contain an LLC identifier, such as “Limited Liability Company”, “L.L.C.” or “Ltd. Liability Co”. The name of your company must be unique (cannot be the same as the name of any other LLC) and trademark violations must naturally be avoided.
- Once a name has been chosen, you can proceed by filing the Articles of Organization with the state filing office in Wisconsin.
- During the next step, the LLC members must have an organizational meeting and adopt an Operating Agreement.
- With the Operating Agreement formally adopted, it will be possible for the LLC to obtain a Federal Employer Identification Number (FEIN) and open its own bank account.
- A local business license is must be obtained from each city (or county) in which the LLC wish to conduct business.
Important facts to take into consideration before forming an LLC in Wisconsin
- The minimum state filing fee is $170.00 for LLC’s in Wisconsin. (For 15 business days.)
- The Annual Report is due on the last day of the quarter. If you hand it in electronically, the annual report fee is $25.00. If you prefer to do it the old fashion way, the annual report fee for paper reports is $40.00.
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