The legal form of your company is one of the most crucial considerations you will make when creating a business in Wisconsin. Because a limited liability company (LLC) combines the advantages of a corporation and a partnership, many business owners opt to create one. But one of the frequently asked queries is whether LLCs in Wisconsin have to pay an annual fee.
Yes, Wisconsin LLCs must pay an annual fee, to be clear. The minimum charge is $25, however the amount varies depending on the LLC’s income. It’s crucial to remember that the charge is required yearly, whether or not the LLC is profitable.
For registering an LLC in Wisconsin, there is a one-time cost in addition to the annual fee. When submitting the Articles of Organization to the Wisconsin Department of Financial Institutions, a fee of $130 is required. The LLC’s name, address, and registered agent are all listed in the Articles of Organization, a legal document that creates the LLC’s existence.
You can ask for a copy of your articles of incorporation from the Wisconsin Department of Financial Institutions if you require one. You can order a copy online or by mail for a charge of $10. As evidence of your LLC’s existence, it’s crucial to maintain a copy of your Articles of Organization in your business documents.
Although an operating agreement is not required for LLCs in Wisconsin, it is highly advised. An operating agreement is a legal document that spells out the membership rights and obligations as well as the LLC’s ownership and management structure. You may prevent disagreements and make sure your LLC is operating in accordance with state rules by having an operating agreement.
Finally, Wisconsin requires LLCs to pay an annual fee. The minimum charge is $25, however the amount varies depending on the LLC’s income. Additionally, Wisconsin charges a one-time fee of $130 to register an LLC. It’s crucial to have a copy of your articles of incorporation in your company’s records, and having an operating agreement is strongly advised. LLCs have a number of advantages, such as pass-through taxation, limited liability protection, and management freedom.
You can conduct an online search for registered agent services or seek recommendations from other Wisconsin business owners to select a registered agent. For a list of registered agents in the state, you can also contact the Wisconsin Department of Financial Institutions. When filing your LLC papers with the state, you can include the registered agent’s name and contact details once you’ve made your choice.