Wisconsin is a fantastic state in which to launch and expand a small business, and with the popularity of remote work, many business owners are wondering if they can operate their operations remotely. Yes, you can operate a business from home in Wisconsin, but there are a few crucial details you should be aware of.
You must first decide on the legal structure of your company. In Wisconsin, you have the option of forming an LLC or a sole proprietorship. The simplest and most typical sort of business structure is a sole proprietorship. In essence, it is a sole proprietorship that is not incorporated. A more complicated corporate form that provides some liability protection for the owner’s personal assets is an LLC. The decision between the two will ultimately depend on your unique business demands and objectives.
You do not have to register your business with the state if you decide to run it as a sole proprietorship. However, you will need to get all licenses and permits required for your particular firm. For instance, you must apply for a sales tax licence if you intend to sell goods online. You must apply for a license from the state if you want to run a home daycare.
If you decide to create an LLC, you must file Articles of Organization with the Wisconsin Department of Financial Institutions in order to register your company with the state. You must select a distinctive name for your company, appoint a registered agent, and pay a filing fee in order to complete this process. You must get all relevant licenses and permits for your particular firm after registering your LLC.
No matter how your company is set up, you should be aware that you might also need to register for any necessary municipal permits and licenses. For instance, your local health department may require you to apply for a permit if you intend to run a home-based food business.
In conclusion, it is feasible to operate a home-based business in Wisconsin, but it necessitates careful preparation and attention to regulatory requirements. Whether you decide to run your firm as a sole proprietorship or an LLC, you must secure the necessary licenses and permissions for it. Depending on the legal structure you decide on, you might also need to register your firm with the state. Starting and expanding a prosperous home-based business in Wisconsin is possible with the appropriate planning and direction.
You must submit a trade name registration form to the Wisconsin Department of Financial Institutions in order to register your business name in Wisconsin. Your application and filing fee can be sent either by mail or online. A certificate of registration confirming that your business name is legitimately registered in the state of Wisconsin will be provided to you after your registration is authorized.
In Wisconsin, creating an LLC (Limited Liability Company) costs $130. When submitting the Articles of Organization, this fee must be paid to the Wisconsin Department of Financial Institutions. However, for expedited processing or other alternative services, additional payments might be needed.