You must submit an article of dissolution to the Wisconsin Department of Financial Institutions (DFI) if you desire to dissolve your Wisconsin-based LLC or company. This document acts as a formal notification to the state that your business entity has stopped operations and won’t be engaging in any business activity going forward. A step-by-step tutorial for submitting an article of dissolution in Wisconsin is provided below.
Step 1: Obtain the Necessary Forms Getting the relevant forms from the DFI website is the first step. Form 502 must be submitted for an LLC, and Form 504 must be submitted for corporations. The forms are available for download on the DFI website or by mail upon request.
Step 2: Complete the Forms Once you obtain the proper documents, you must fully complete them by entering all the required details, including the name of your business organization, the date of dissolution, the cause of dissolution, and the signatures of the authorized members or officials.
Step 3: Turn in the Forms You must finish the documents and send them to the DFI together with the necessary filing fee. The forms can be submitted in person, by mail, or online. For corporations, the filing fee is $70; for LLCs, it is $40.
You must wait for the DFI to certify that your article of dissolution has been accepted and that your business entity has been formally dissolved after submitting the documents and filing fee.
You can get a copy of your articles of incorporation or organization from the DFI if you need one. You can ask for a copy in person or by mail. Articles of organization cost $10 to copy, while articles of incorporation cost $15.
The same procedures as for dissolving an LLC must be followed in Wisconsin. You must submit Form 504 to the DFI together with all needed documentation and the applicable filing fee. Your corporation will be formally dissolved once your article of dissolution has been approved.
An LLC article of dissolution requires a $40 filing fee.
A legal document known as an article of dissolution is used to formally dissolve a corporation or LLC. It serves as an official notice to the state that the company has stopped doing business and won’t be conducting any more business.