How To Get An LLC In Wisconsin
How to Get an LLC in Wisconsin
A limited liability company (LLC) is a popular business structure that offers both personal liability protection and tax benefits. In Wisconsin, forming an LLC is relatively easy and can be done by following these steps:
- Choose a name for your LLC.
- File your Articles of Organization with the Wisconsin Department of Financial Institutions.
- Choose a registered agent.
- Create an operating agreement.
- Get an Employer Identification Number (EIN).
- Open a business bank account.
- Obtain business licenses and permits.
- Start marketing your business.
This can be done yourself by visiting theĀ Wisconsin Secretary of StateĀ website by following theĀ LINKĀ and following the steps listed below. You can also get an LLC in Wisconsin by contacting our Business Formation Specialists atĀ BusinessšRocketĀ for assistance. The team at Business Rocket has the knowledge and experience to file the documents on your behalf so you get the most benefits from whatever business structure you select.
Step 1: Choose a name for your LLC
Your LLC name must be unique and cannot be the same as any other LLC in Wisconsin. You can search for available names using the Wisconsin Department of Financial Institutions’ business name search tool.
Step 2: File your Articles of Organization
Your Articles of Organization is a legal document that officially forms your LLC. You can file your Articles of Organization online, by mail, or in person. The filing fee is $130 for online and mail filings, and $170 for in-person filings.
Step 3: Choose a registered agent
A registered agent is a person or business that is responsible for receiving legal notices on behalf of your LLC. You must have a registered agent in Wisconsin, even if you live in another state.
Step 4: Create an operating agreement
An operating agreement is a document that outlines the rules and regulations of your LLC. It is not required by law, but it is strongly recommended. An operating agreement can help to avoid disputes between members and protect your personal assets in the event of a lawsuit.
Step 5: Get an Employer Identification Number (EIN)
An EIN is a nine-digit number that is used by the Internal Revenue Service (IRS) to identify businesses. You will need an EIN if you plan to hire employees, open a business bank account, or file taxes for your LLC.
Step 6: Open a business bank account
It is important to keep your business finances separate from your personal finances. This is why it is a good idea to open a business bank account.
Step 7: Obtain business licenses and permits
The specific licenses and permits that you need will vary depending on the type of business you operate. You can find more information about business licenses and permits on the Wisconsin Department of Financial Institutions’ website.
Step 8: Start marketing your business
Once you have formed your LLC, it is time to start marketing your business. There are many ways to market your business, such as online advertising, print advertising, and word-of-mouth marketing.
Benefits of Forming an LLC in Wisconsin
There are many benefits to forming an LLC in Wisconsin, including:
- Personal liability protection: An LLC provides its members with personal liability protection, meaning that the members’ personal assets are not at risk in the event of a lawsuit against the LLC.
- Tax benefits: LLCs are taxed as pass-through entities, which means that the profits and losses of the LLC are passed through to the members’ individual tax returns. This can save members money on taxes.
- Flexibility: LLCs offer a great deal of flexibility, as members can choose how they want to manage their business.
Conclusion
Forming an LLC in Wisconsin is a relatively easy and straightforward process. By following the steps outlined above, you can quickly and easily form your own LLC and start enjoying the benefits of this popular business structure.
Call to Action
If you are ready to start your own business, contact a qualified attorney to help you form an LLC in Wisconsin.
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