How To Open An LLC In Wisconsin

Starting a business in Wisconsin can be a great way to achieve your financial goals and create a better future for yourself and your family. However, the process of starting a business can be daunting, especially if you’re not familiar with the legal requirements.

One of the best ways to protect your personal assets and reduce your liability is to form a limited liability company (LLC). An LLC is a business entity that provides its owners with limited liability, meaning that your personal assets are not at risk in the event of a lawsuit against your business.

This can be done yourself by visiting the Wisconsin Secretary of State website by following the LINK and following the steps listed below. You can also Start a business in Wisconsin by reaching out to our Business Formation Specialists at BusinessRocket 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.

If you’re considering forming an LLC in Wisconsin, here are the steps you need to take:

Choose a name for your LLC.
File Articles of Organization with the Wisconsin Department of Financial Institutions.
Choose a registered agent.
Get an Employer Identification Number (EIN).
Create an operating agreement.
File an annual report with the Wisconsin Department of Financial Institutions.

Choose a name for your LLC

The first step in forming an LLC is to choose a name for your business. Your LLC name must be unique and cannot be the same as the name of any other business in Wisconsin. You can search for available LLC names on the Wisconsin Department of Financial Institutions website.

File Articles of Organization with the Wisconsin Department of Financial Institutions

Once you’ve chosen a name for your LLC, you need to file Articles of Organization with the Wisconsin Department of Financial Institutions. The Articles of Organization is a document that officially creates your LLC. You can file Articles of Organization online, by mail, or in person.

Choose a registered agent

A registered agent is a person or business that is responsible for receiving legal documents on behalf of your LLC. You must have a registered agent in Wisconsin, even if you live in another state. You can choose to be your own registered agent, or you can hire a registered agent service.

Get an Employer Identification Number (EIN)

An Employer Identification Number (EIN) is a nine-digit number that is used by the IRS to identify businesses. If you have employees, you are required to get an EIN. Even if you don’t have employees, it is a good idea to get an EIN so that you can open a business bank account and file taxes for your LLC.

Create an operating agreement

An operating agreement is a document that outlines the rules and regulations for your LLC. It is important to create an operating agreement, even if you are the only member of your LLC. The operating agreement will help to protect your business in the event of a disagreement between members.

File an annual report with the Wisconsin Department of Financial Institutions

Every year, you must file an annual report with the Wisconsin Department of Financial Institutions. The annual report will provide the state with updated information about your LLC, such as your name, address, and registered agent.

Benefits of forming an LLC in Wisconsin

There are many benefits to forming an LLC in Wisconsin. Some of the benefits include:

Limited liability: As an LLC owner, your personal assets are not at risk in the event of a lawsuit against your business.
Pass-through taxation: The profits and losses of your LLC are passed through to the members, who are taxed on their individual income tax returns. This can save you money on taxes.
Flexibility: An LLC is a flexible business structure that can be adapted to meet the needs of your business.

How To Open An LLC in Other States:

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Conclusion

Forming an LLC in Wisconsin is a relatively simple process. By following the steps outlined above, you can protect your personal assets, reduce your liability, and save money on taxes.

Call to action

If you’re ready to start your own business in Wisconsin, contact a qualified attorney to help you form an LLC. An attorney can help you choose a name for your business, file the necessary paperwork, and create an operating agreement.