This state-specific form must be filed with the appropriate state agency in compliance with state law in order to create a new corporation. The form contains basic information concerning the corporation, normally including the corporate name, number of shares to be issued, names of the incorporators, directors and/or officers, purpose of the corporation, corporate address, registered agent, and related information.
Articles of organization in Wisconsin are legal documents that must be filed with the Wisconsin Department of Financial Institutions (DFI) to establish a limited liability company (LLC). These articles outline crucial information about the LLC, such as its name, purpose, duration, registered agent, management structure, and more. Keywords: Articles of organization, Wisconsin, limited liability company, LLC, Wisconsin Department of Financial Institutions, legal documents, registered agent, management structure, purpose, duration. In Wisconsin, there is only one type of Articles of Organization form that needs to be filed with the DFI to create an LLC. However, within this form, there are specific sections that need to be completed. The first section of the Articles of Organization requires the LLC's name, which must include the words "Limited Liability Company" or a recognizable abbreviation like "LLC." The unique name must not be confusingly similar to any other registered LLC or corporation name in Wisconsin. Performing a name search in the DFI's database is recommended prior to filing to ensure availability. The purpose section of the articles describes the primary business activity or activities that the LLC intends to engage in. This section should be carefully considered and accurately reflect the nature of the company's operations. The duration section specifies how long the LLC will exist, either being perpetual or for a specified period. Most LCS in Wisconsin choose perpetual status, meaning they will continue indefinitely unless dissolved. The registered agent section designates an individual or a business entity that will accept legal documents, notices, and other correspondence on behalf of the LLC. A registered agent must have a physical address in Wisconsin and be available during regular business hours. The management structure section indicates whether the LLC will be managed by its members (member-managed) or by appointed individuals (manager-managed). In a member-managed LLC, all owners have the authority to make decisions and manage the company's day-to-day operations. In a manager-managed LLC, individuals known as managers are designated to handle these responsibilities. Additional optional sections in the Articles of Organization form include provisions for the dissolution of the LLC, details about the initial members and organizers, and any supplementary provisions deemed necessary by the LLC. Once completed and submitted, the DFI will review the Articles of Organization form and, if everything is in order, approve the LLC's formation. After approval, the LLC becomes a legally recognized business entity in Wisconsin. In summary, the Articles of Organization in Wisconsin are vital documents required to establish an LLC. They provide essential information about the LLC's name, purpose, duration, registered agent, management structure, and more. Filing the Articles of Organization with the Wisconsin DFI ensures the LLC's legal recognition and compliance with state regulations.
