The cost to create an LLC in Wisconsin can vary depending on several factors such as filing fees, registered agent fees, and any additional services required. Generally, the filing fee for the Articles of Organization is $130 as of October 2021.
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The cost of creating a Limited Liability Company (LLC) in Wisconsin can vary depending on various factors. While the filing fee for the Articles of Organization is $130 as of October 2021, there are additional costs associated with creating and maintaining an LLC. These costs can include registered agent fees, state and federal tax obligations, business licenses, permits, and any additional services required.
One interesting fact to note is that the process of forming an LLC in Wisconsin is relatively straightforward. It involves filing the Articles of Organization with the Wisconsin Department of Financial Institutions (DFI) and paying the required fee. This filing establishes the LLC as a legal entity.
To provide a more comprehensive understanding of the costs involved, here is a breakdown of some potential expenses when creating an LLC in Wisconsin:
Filing Fee: As mentioned, the filing fee for the Articles of Organization is $130. This fee is payable to the Wisconsin DFI and covers the administrative costs associated with creating the LLC.
Registered Agent Fee: An LLC in Wisconsin is required to have a registered agent who is responsible for receiving legal documents and official correspondence on behalf of the company. While an LLC member or manager can act as the registered agent, many businesses prefer to hire a professional registered agent service. The cost of a registered agent can range from $50 to $300 annually.
Annual Report Fee: After creating an LLC, Wisconsin requires an annual report to be filed. This report updates the state with the LLC’s current information, such as its registered agent and principal office address. The fee for filing the annual report is $25 as of October 2021.
State and Federal Taxes: Depending on the nature of the LLC’s business activity, there may be additional costs associated with state and federal taxes. It is vital to consult with a tax professional to understand the specific tax obligations your LLC may have.
Now, let’s add a quote on the topic from a well-known resource:
“A limited liability company (LLC) blends some of the best features of partnerships and corporations, making it a popular choice among entrepreneurs.” – Investopedia
To summarize, the cost to create an LLC in Wisconsin includes the filing fee for the Articles of Organization, potential registered agent fees, annual report fee, and tax obligations. It is always recommended to consult with legal and financial professionals to ensure compliance with all requirements and understand the costs specific to your business needs.
Below is a table to summarize the potential costs involved:
|Registered Agent Fee||$50-$300 per year|
|Annual Report Fee||$25|
|State and Federal Taxes||Varies|
Please note that the table provided is for illustrative purposes and actual costs may vary. It is important to seek professional advice and refer to official sources for the most up-to-date and accurate information.
See a video about the subject.
This YouTube video provides a comprehensive guide on how to start and create an LLC in Wisconsin. The video discusses different options, such as the DIY approach or hiring a professional service like Incfile. It emphasizes the importance of naming the business, appointing a registered agent, and filing the Wisconsin LLC Certificate of Formation. The video also mentions the need for an operating agreement, annual reports, and obtaining an EIN. It recommends obtaining a domain name, business email, and opening a separate business account to maintain limited liability protection. Viewers are encouraged to subscribe for more detailed business content.
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$130Wisconsin LLC Cost: Limited liability companies (LLCs) can be a great way to limit your financial exposure without spending a lot upfront. The cost to file an LLC online is $130. The cost to file an LLC by mail is $170.
How much does an LLC cost in Wisconsin? It costs $130 to form an LLC in Wisconsin. This is a fee paid for the Wisconsin Articles of Organization. You’ll file this form with the Wisconsin Department of Financial Institutions. And once approved, your LLC will go into existence.
To form a Wisconsin LLC, you’ll need to file the Articles of Organization with the Wisconsin Department of Financial Institutions, which costs $130 online.
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The cost for Wisconsin domestic LLCs is $25, and the cost for foreign LLCs is $80. The state doesn’t charge a late filing fee; however, failure to file the annual report by the deadline could result in an automatic dissolution after a period of one year.
- Name your Wisconsin LLC. You’ll need to choose a name to include in your articles before you can register your LLC.
- Choose your registered agent.
- Prepare and file articles of organization.
- Receive a certificate from the state.
- Create an operating agreement.
- Get an Employer Identification Number.
- Choose a business idea.
- Name your Wisconsin business.
- Create a business plan.
- Choose a business structure and get started.
- Obtain business licenses and permits.
- Examine business insurance options.
- Understand financial considerations.
- Market your business.