Wisconsin LLC As Your Best Corporate Form
Electing a Wisconsin LLC means easy set up, low annual filing costs, personal asset protection, corporate tax exempt status, simplified corporate rules and more.
Form an LLC for only $139 - Wisconsin LLC Information - LLC Links & Articles
Guide To Your Wisconsin LLC Benefits And Features
* Establishing A Legal Presence In Wisconsin. Your Wisconsin LLC meets the state statutory requirement necessary before permitting you to legally operate within Wisconsin. Your Wisconsin limited liability company now attracts all the privileges and protections afforded under Wisconsin law.
* Qualifying For Personal Asset Protections. Yyour Wisconsin LLC members receive indemnification or shielding of their personal assets (real property, auto, bank accounts, etc.) from the actions and future liabilities of your Wisconsin LLC, in the course of its business.
In other words, your Wisconsin LLC corporate creditors cannot "reach through" to members and attempt to lien or attach in satisfaction of a court judgment against your Wisconsin LLC.
* How Many Owners Can Participate? A key advantage of your Wisconsin limited liability company lies in the area of capitalization and ownership. Unlike a Subchapter S corporate form which is limited to 75 shareholders, your Wisconsin LLC can raise its capital from an unlimited number of investor-members (which can be persons, trusts, pensions or even LLC corporations) through private placement offering.
With your Wisconsin LLC capitalization in hand and some current financial operating data, then your Wisconsin LLC can go into the market and secure additional financing or credit facilities, like any other corporation does.
* Simplified Flexible Corporate Governance Rules. Corporate governance flexibility is another key advantage of your Wisconsin LLC.
Whereas a C corporation must schedule annual meetings and produce written minutes, your Wisconsin LLC is under no such statutory burden, rather your Wisconsin LLC can schedule meetings according to policies defined within your limited liability company operating agreement with your members, as you see fit to carry out.
Corporate flexibility for your Wisconsin LLC extends to the key area of dividend policy, where your Wisconsin LLC can declare and pay dividends based on then current needs and policy, rather than be tied to a dollar-per-share rule as do standard corporations.
* Creating A Corporate Tax Exempt Environment. In terms of taxation, your Wisconsin LLC is considered under state and federal law to be tax exempt, and is a pass-through entity where taxable profits and/or share of losses is filed on the individual member returns.
In arriving at a year-end bottom line, your Wisconsin LLC can legally deduct a range of qualifying operating costs and expenses, along with take advantage of the depreciation rules for treating qualifying assets of your Wisconsin LLC as recorded on your balance sheet statement.
* Your LLC Is Valid In All 50 States. Your Wisconsin limited liability company is a legal and recognized form of corporation organization by all fifty US states. Once you have submitted your Wisconsin LLC filing application and then received your ratification from the Wisconsin Secretary of State.
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