Understanding Non-Stock Corporation Wisconsin and Other Business Registration Processes

What is a non-stock corporation Wisconsin?
A nonstock corporation is a corporation without stock. It may or may not have members. It must have directors. Nonstock corporations are the preferred form of corporation for nonprofit entities, volunteer-type organizations, and other organizations where individual ownership is not desired.
Read more on www.wisbar.org

a corporation without stock Wisconsin is a particular kind of corporation that doesn’t have shareholders or issue shares. Instead, it is typically set up for charitable, religious, educational, or other like goals. Chapter 181 of the Wisconsin Statutes governs non-stock corporations, which are normally free from federal income tax.

You must submit a registration form to the Wisconsin Department of Financial Institutions (DFI) in order to register a DBA (Doing Business As) in Wisconsin. This can be done by mail or online. The registration is good for five years and costs $15. You are able to carry on business under a name other than your given name or the name of your firm if you have a DBA.

A Certificate of Status Wisconsin is a record that attests to a business entity’s existence and legal standing in Wisconsin. It is occasionally referred to as a Certificate of Good Standing. A Certificate of Status can be requested from the DFI online or by mail. The certificate costs $10, and processing usually takes two business days.

Searching the Wisconsin Department of Financial Institutions’ database of registered businesses will reveal who owns a company in Wisconsin. Information about the owners, officers, and registered agents of corporations, limited partnerships, and other business entities in Wisconsin can be found in this database.

You can look up an LLC’s operating agreement or articles of formation in Wisconsin to find out who owns it. The members and managers of the LLC should be listed in these documents. The registered agent of the LLC, who can reveal information on the owners and officers of the business, can also be found by searching the Wisconsin DFI database.

In conclusion, there are several ways to learn about Wisconsin non-stock corporations, register a DBA, get a Certificate of Status, and discover who owns a company or LLC there. These procedures guarantee that companies are lawfully registered and running while also making ownership and management of these organizations transparent to the general public.

FAQ
How do I find a list of members of an LLC?

Members of an LLC are not needed to be made public in Wisconsin. As a result, the public cannot access an official list of an LLC’s members. However, the operating agreement of the LLC might reveal who the members are. Additionally, certain details including the name and location of the registered agent may be accessible on their website if the LLC is registered with the Wisconsin Department of Financial Institutions.

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