Wisconsin’s business-friendly environment and wealth of resources make it an excellent area to launch a business. The Wisconsin Department of Financial Institutions must receive papers of incorporation before a business can be established there. But how much does it cost in Wisconsin to file articles of incorporation?
In Wisconsin, articles of incorporation need a $100 filing fee. You can pay this fee online or by mail. Starting a business in Wisconsin may also incur additional costs, such as those for registering for taxes or acquiring a business license.
Franchise taxes, which are levied against businesses for the right to operate within a state, do not exist in Wisconsin. However, there are additional taxes that apply to enterprises in Wisconsin, including income tax and sales tax.
Each Wisconsin corporation is obliged to submit an annual report. The Department of Financial Institutions must receive this report by the incorporation anniversary date. The company’s officers and directors, as well as the registered agent and registered office address and the total number of authorized and issued shares of stock, are listed by name and address in the annual report.
The corporation’s executives, directors, or a third party provider must create the annual report. The annual report must be submitted on time in order to avoid penalties and the potential loss of the corporation’s status.
In conclusion, Wisconsin charges $100 for the filing of articles of incorporation. Wisconsin does not have a franchise tax, although it does have other taxes like income tax and sales tax. All Wisconsin corporations are obliged to file an annual report, which must be submitted on time to avoid fines and the potential revocation of the corporation’s status. It can be a terrific opportunity to start a business in Wisconsin, but it’s crucial to be aware of the fees and restrictions.