Incorporate in Wisconsin

Wisconsin is a mid-west state with a diverse geographical landscape. The state is known as the “America’s Dairyland” because it is the nation’s leading dairy producer.

Residents are affectionately known as “cheese heads.” Wisconsin‘s major industries include agriculture, manufacturing and healthcare.

Benefits of incorporating in Wisconsin:

Protection of personal assets

When incorporating in the state of Wisconsin, foreign entrepreneurs should feel confident knowing that their personal assets are protected. Corporations and limited liability companies separate the assets and liabilities of companies from the personal assets of the business owner.

Enhanced credibility

Whether starting a new business or incorporating an existing one, incorporation makes a business appear more credible to potential customers, suppliers and investors. You also have the security of operating under US law.

Ability to Open a Bank Account

In many instances, forming a company is the first step for a non US resident to open a bank account. A US bank account gives businesses access to a debit card, and the potential to open a merchant service account. Internet commerce is made much easier with a US bank account because companies like PayPal, Amazon and EBay considers you more qualified as a vendor.

Your corporate name can boost your brand

Wisconsin requires that a C corporation or an LLC must not have a name that is the same or could be confused with a business already in existence. To make sure your business name is eligible Inc. Plan can help you choose a unique C-Corp or LLC name. A unique corporate name enhances your company’s reputation and also helps protect the identity of your brand.

Tax flexibility and benefits

C-corps are subject to a corporate income tax based on net revenue. LLCs are assessed taxes based on its members’ personal income. Corporations with net incomes that exceed $4 million are subject to a tax surcharge.

Residency Requirements

Wisconsin does not have any residency requirements. Owners and directors do not need to live in state to legally operate an Idaho company. However, before your firm is legally eligible to operate, make sure you possess all the required business licenses, permits, and tax registrations. Inc. Plan can help you stay in compliance with state law.

Other incorporating requirements

C-Corps and LLCs must have at least one director/member.

Requirements for forming an LLC in Wisconsin:

When forming a Limited Liability Company certain steps must be taken to keep the business in compliance on an ongoing basis.

Name requirements for LLCs

LLCs must contain the terms “Limited Liability Company” or the abbreviations “LLC” and “L.L.C..” The word “Bank” or any variations of it is not allowed to be used in the incorporation name. Also, the word “Cooperative” needs to be approved by the state’s authorities.

LLC filing requirements

Entrepreneurs looking to form LLCs in Wisconsin must file the Articles of Organization with the state before it can be recognized legally. Wisconsin LLCs must file an annual report due during the calendar quarter in which the incorporation date falls. The filing fee or the annual report is $40.

Required information for the Articles of Organization

The Articles of Organization must contain the name and address of a registered agent who resides in Wisconsin, and who is available to manage legal and tax business documentation. For help with the initial filing or with qualified registered agent services feel free to contact Inc. Plan (USA).

LLC taxes and fees

In Wisconsin LLCs can elect to be taxed as partnerships or as C Corporations. If an LLC elects to be taxed as a partnership then it will be subject to taxes calculated on its members’ personal income. In some cases LLCs can also be subjected to a composite tax. The state also requires an EIN for Limited Liability Companies which hire employees.

Requirements for forming a C corporation in Wisconsin:

Each of the 50 American states has its requirements for incorporating. The essential requirements for C- corporations established in Wisconsin are as follow:

Name requirements for C corporations

Wisconsin allows organization names that include the terms “Company,” “Corporation,” “Incorporated” or “Limited,” along with their abbreviations. However, the word “Bank” or any variations of it is not allowed to be used in the company name. The word “Cooperative” needs special approval from state authorities to be used in a company name.

Filing requirements in Wisconsin

Entrepreneurs looking to form businesses in Wisconsin must file Articles of Incorporation with the state. Wisconsin requires businesses to file an annual report which is due during the calendar quarter in which the incorporation date falls. The filing fee for the annual report is $40.

Required information for the Article of Incorporation

The Articles of Incorporation must list the company’s authorized shares along with their assigned par value. The Articles of Incorporation must also include the name and address of a registered agent with a physical Wisconsin address. Inc. Plan (USA) can help you with the initial company filings and also provide qualified registered agent service.

Taxes and fees requirements

Corporations are subjected to a corporate income tax (franchise tax) at a rate of 7.9% based on the company’s net income. C-Corps with at least $4 million in gross receipts are subject to a recycling surcharge based on the company’s income tax liability. The minimum surcharge is $25.

If you are ready to get started you can fill out our application or call 1-302-428-1200 for a Free 30 Minute Live Consultation.

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