Amending an LLC in Wisconsin: A Step-by-Step Guide

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The Wisconsin Department of Financial Institutions (DFI) requires that articles of incorporation for limited liability organizations (LLCs) be filed. However, when the LLC expands or experiences structural changes, adjustments to the initial articles can be necessary. This article will go over Wisconsin LLC amendment procedures and address some associated queries.

In Wisconsin, is there a yearly cost for an LLC?

Yes, Wisconsin requires LLCs to submit an annual report and pay a $25 filing fee. The report must be submitted each year before the conclusion of the LLC’s anniversary month.

How much does it cost in Wisconsin to form an LLC?

In Wisconsin, registering an LLC costs $130 in filing fees. Processing more quickly is possible for a cost. What exactly is an article amendment?

A document that modifies or updates material in the initial articles of organization is known as an article amendment and must be filed with the DFI. The name, address, registered agent, and other elements of the LLC may be changed.

In Wisconsin, how do I modify an LLC?

These actions must be followed in Wisconsin to alter an LLC:

1. Verify that the modification complies with state law and that there are no limits on amendment in the LLC’s present articles of incorporation. 2. Draft the articles of amendment, which should contain the name of the LLC, the provision(s) that are being changed, and the proposed new provision(s).

3. Appoint the modification articles. If the LLC has more than one member, they all need to sign the contract.

4. Submit the amended articles to the DFI. $50 is the filing fee. Processing more quickly is possible for a cost. Upon approval of the revision, the DFI will issue a certificate of amendment.

5. Keep this record with the LLC’s other crucial paperwork.

Additionally, how can I convert my Wisconsin LLC to a S corp? The LLC must be designated as a corporation for federal tax purposes by submitting Form 8832 to the IRS in order to convert to a S corporation in Wisconsin. The LLC can submit Form 2553 with the IRS to elect S corporation status after it is categorized as a corporation. For the Wisconsin Department of Revenue to verify the LLC’s federal tax status, Form 6166 must also be submitted. It is advised that you speak with a tax expert before making this adjustment.

In Wisconsin, articles of modification must be filed with the DFI in order to modify an LLC. In Wisconsin, LLCs must also submit an annual report and pay a $25 filing fee. An LLC can become a S corporation by filing paperwork with the IRS and Wisconsin Department of Revenue, as well as changing its federal tax classification. Throughout these processes, it’s crucial to make sure that state and federal laws are being followed.

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