WI DFI/CORP/502 2018-2025 free printable template

State of WisconsinFILING FEE $170.00DEPARTMENT OF FINANCIAL INSTITUTIONSPlease check box to request Optional Expedited ServiceDivision of Corporate & Consumer ServicesFORM502+$25.00ARTICLES OF ORGANIZATION LIMITED

How to fill out WI DFICORP502

How to fill out WI DFI/CORP/502

1. Obtain the WI DFI/CORP/502 form from the Wisconsin Department of Financial Institutions website.
2. Read the instructions provided on the form carefully.
3. Fill in the name of the corporation in the designated field.
4. Provide the date of incorporation.
5. Enter the registered agent's name and address.
6. Include the principal office address of the corporation.
7. Specify the nature of business the corporation will conduct.
8. List the names and addresses of the board of directors.
9. Include any necessary signatures from authorized representatives.
10. Submit the completed form along with any required fees to the appropriate state office.

Who needs WI DFI/CORP/502?

1. Businesses intending to incorporate in Wisconsin.
2. Owners of corporations that are updating their corporate records.
3. Legal representatives managing compliance for corporations.
4. Individuals seeking to establish a business entity in Wisconsin.

People Also Ask about

What is an operating agreement LLC Wisconsin?

A Wisconsin LLC operating agreement is a document that holds the rules for the day-to-day activities of the business and its members. The agreement should include the rights of members, ownership, and the appointment of officers. All terms must be agreed to and signed by all the members of the company.

What taxes does an LLC pay in Wisconsin?

Wisconsin also imposes a franchise tax on LLCs. This tax is 7.9% of the company's net income. In addition, a Wisconsin LLC that employs more than two employees must register with the Wisconsin Workforce Commission.

How do I file LLC taxes in Wisconsin?

You only need to file your personal tax return (Federal Form 1040 and Wisconsin Form 1) and include your LLC profits on the return. Multi-Member LLC taxed as a Partnership: Yes. Your LLC must file a IRS Form 1065 and a Wisconsin Partnership Return (Form 3).

Is an operating agreement required for an LLC in Wisconsin?

In order to operate, LLCs require real humans (and other entities) to carry out company operations. Operating agreements are not legally required for Wisconsin LLCs.

How do I change the members of an LLC with the IRS?

If the member you are removing is also your Responsible Party, you will need to name a new Responsible Party and file the correct form with the IRS. The form you will use to change your Responsible Party is Form 8822-B, and you will need to file this form within 60 days of the membership change.

Is operating agreement important for single member LLC?

An operating agreement is a key business document that shows your business operates like a legit company. Without the operating agreement, your state might not acknowledge you as an LLC, and which means someone could sue to go after you without there being any shield to protect your personal assets.

How do you allocate ownership in an LLC?

In order to split ownership in an LLC, you will need to draft an LLC operating agreement. This operating agreement document will outline how profits and losses are divided among LLC members and other controlling provisions such as voting rights and management structure.

How much does it cost to maintain an LLC in Wisconsin?

To maintain an LLC in Wisconsin you will need to pay an annual fee of $25 along with state income tax at 3.54% to 7.65%, sales & use tax at 5%, and federal taxes.

Is there an annual fee for Wisconsin LLC?

Wisconsin requires LLCs to file an annual report every year. The fee is $25.

Do I need an operating agreement if it's just me?

If you're forming—or have formed—an LLC in California, New York, Missouri, Maine, or Delaware, state laws require you to create an LLC Operating Agreement. But no matter what state you're in, it's always a good idea to create a formal agreement between LLC members.

Is ownership transferable in LLC?

There are two main ways to transfer ownership of your LLC: Transferring partial interest in an LLC: This applies if you are not selling the entire business, and you do not have 100 percent ownership. Selling your LLC: This applies if you are transferring ownership of your entire business to someone else.

How do I change ownership of an LLC in Wisconsin?

When the ownership transfer is a sale of the LLC, a buy-sell agreement may be necessary. An operating agreement should specify the process for ownership transfer, but if it doesn't, you must follow state guidelines. Under some circumstances, the state may require you to form a new LLC.

What are the benefits of an LLC in Wisconsin?

Benefits of starting a Wisconsin LLC: Protects your personal assets from your business liability and debts. Easy tax filing and potential advantages for tax treatment. Quick and simple filing, management, compliance, regulation and administration. Low cost to file ($130)

For pdfFiller’s FAQs

How can I send WI DFICORP502 to be eSigned by others?

Once your WI DFICORP502 is ready, you can securely share it with recipients and collect eSignatures in a few clicks with pdfFiller. You can send a PDF by email, text message, fax, USPS mail, or notarize it online - right from your account. Create an account now and try it yourself.

How do I fill out the WI DFICORP502 form on my smartphone?

Use the pdfFiller mobile app to fill out and sign WI DFICORP502 on your phone or tablet. Visit our website to learn more about our mobile apps, how they work, and how to get started.

Can I edit WI DFICORP502 on an iOS device?

No, you can't. With the pdfFiller app for iOS, you can edit, share, and sign WI DFICORP502 right away. At the Apple Store, you can buy and install it in a matter of seconds. The app is free, but you will need to set up an account if you want to buy a subscription or start a free trial.

What is WI DFI/CORP/502?

WI DFI/CORP/502 is a form used to report information about a corporation's annual report, specifically for the state of Wisconsin. It is utilized for compliance with state regulations regarding business entities.

Who is required to file WI DFI/CORP/502?

All corporations registered in the state of Wisconsin are required to file WI DFI/CORP/502 annually to maintain their corporate status and comply with state laws.

How to fill out WI DFI/CORP/502?

To fill out WI DFI/CORP/502, corporations must provide required information such as the business name, address, officer details, and financial data as outlined in the form instructions. Completing the form accurately and submitting it to the appropriate state department is crucial.

What is the purpose of WI DFI/CORP/502?

The purpose of WI DFI/CORP/502 is to collect updated information about corporations in Wisconsin, ensuring transparency and compliance with state business regulations while also facilitating the maintenance of corporate records.

What information must be reported on WI DFI/CORP/502?

The information that must be reported on WI DFI/CORP/502 includes the corporation's name, principal office address, officers and directors' names and addresses, and a summary of financial data and any amendments to the articles of incorporation.