Choosing a business name is one of the first legal procedures you’ll need to do if you’re opening a business in Wisconsin. You might decide to carry on business occasionally using a name other than your official business name. A DBA, or “doing business as,” is useful in situations like these. But is a DBA need to be registered in Wisconsin? Although there are few significant exceptions, the general answer is no.
If you run a sole proprietorship in Wisconsin and just want to use a different business name than your own name, DBA registration is not necessary. However, you must submit a DBA name to the Wisconsin Department of Financial Institutions if you intend to conduct business under a different name as a company or LLC. Additionally, if you’re a foreign entity conducting business in Wisconsin and you’re using a name other than your official corporate name, you’ll need to file a DBA name.
So how much does a Wisconsin DBA license cost? The Wisconsin Department of Financial Institutions charges $15 for submitting a DBA name. Since this charge is non-refundable, you should double-check your name selection before completing your application.
LLC domestication is a crucial legal factor for firms in Wisconsin. Transferring an LLC from one state to another is known as domestication. Domestication of LLCs is permitted in Wisconsin, however it’s crucial to follow the correct legal procedures. You must submit your articles of incorporation and $170 in filing fees to the Wisconsin Department of Financial Institutions. A certificate of good standing from your prior state of formation is also required. Finally, it’s crucial to think about how creating an LLC in Wisconsin would affect your taxes. Although Wisconsin levies a state-level tax on LLCs, the federal government does not tax LLCs separately. In Wisconsin, LLCs are subject to a gross receipts tax that is calculated depending on the revenue the company makes. The tax rate can range from 3.4% to 7.9% depending on the amount of income.
It’s crucial to pick a name for your LLC that both effectively describes your company and is memorable to your target market. You should pick a name that is simple to spell, pronounce, and distinguishes your company from others in your sector. To aid in search engine optimization, you might also want to think about putting keywords in your name that represent your company or sector.
In conclusion, even though Wisconsin does not often require DBA registration for sole proprietors, it is crucial to follow the correct legal procedures if you are doing business as a corporation or LLC. Additionally, domestication of LLCs is permitted in Wisconsin, but you must take the required legal precautions. Last but not least, it’s critical to pick a name for your LLC that appropriately describes your company and is memorable to your target audience.
You can use the Wisconsin Department of Financial Institutions’ Business Entity Search database to look up a company’s owners. You can look up registered business entities in this database and see information about them, such as the name and address of the registered agent and the address of the business owner. Public records and online directories can also be used to find information on business owners.