Yes, the Wisconsin Department of Financial Institutions (DFI) requires that any foreign LLCs that intend to conduct business in Wisconsin register with them. This rule is applicable to foreign LLCs with a physical presence in Wisconsin as well as those who operate remotely, such as through internet sales.
In Wisconsin, registering a foreign LLC costs $100. Additionally, expedited processing, which takes up to 24 hours, has a $25 cost. The registration cost is not refundable, it is very important to understand this.
Yes, international LLCs may domesticate in Wisconsin or convert to a Wisconsin LLC. Domestication is the process of switching the state where an LLC was formed to a another state. You must submit Articles of Domestication to the Wisconsin DFI in order to domesticate your foreign LLC.
You have the option to voluntarily dissolve your foreign LLC if it is no longer doing business in Wisconsin. Articles of Termination must be filed with the Wisconsin DFI in order to dissolve a foreign LLC in Wisconsin. A tax clearance certificate from the Wisconsin Department of Revenue is furthermore required.
In conclusion, the Wisconsin DFI must be contacted in order to register a foreign LLC, and a registration fee must be paid. Keep in mind that Wisconsin requires any foreign LLCs that wish to conduct business there to register with the state. You need to file Articles of Termination and get a tax clearance certificate if you want to terminate your foreign LLC in Wisconsin. Wisconsin also permits international LLCs that desire to become Wisconsin LLCs to domesticate. A competent lawyer or business counsel should be consulted if you have any further queries or worries.