Forming an LLC in Wisconsin
Forming an LLC in Wisconsin in 7 easy steps
- When forming an LLC in Wisconsin, the first step is to decide a name. You can not pick a name that is already in use by another LLC and you must refrain from trademark violations. The name you chose for your company must include and LLC identifiers, such as “L.L.C.” or “Ltd. Liability Co”.
- To reduce the risk of IRS trouble, it is a good idea to let an attorney check the Operating Agreement before you proceed. You are not required to hire an attorney, but you should be aware that a flawed Operating Agreement can cause serious tax problems for an LLC and its members.
- The next step is to pay a visit to the Wisconsin state filing office where you file the Articles of Organization and pay a filing fee. In this state, the minimum state filing fee is $170.00 for LLC’s. (For 15 business days.)
- Before you can proceed any further, the members (owners) of the LLC must have an Organizational Meeting where they adopt the Operating Agreement.
- During the fifth step, apply for a Federal Employer Identification Number (FEIN) for the LLC.
- The newly formed LLC needs a company bank account to handle its transactions.
- Apply for local business licenses from the cities and counties that you will be active in. Don’t forget to check if you need any additional permits to carry out your business.
Maintaining an LLC in Wisconsin
For limited liability companies in Wisconsin, the mandatory annual report is due on the last day of the quarter. The cheapest method of handing in the report is electronically because the annual report fee is only $25 for electronic reports. If you hand in the report on paper instead, the fee is $40.
