This form is By-Laws for a Business Corporation and contains provisons regarding how the corporation will be operated, as well as provisions governing shareholders meetings, officers, directors, voting of shares, stock records and more. Approximately 9 pages.
Wisconsin S Corp Filing Requirements: A Detailed Description When establishing an S Corporation in Wisconsin, it is important to understand and comply with the necessary filing requirements imposed by the state. Failure to meet these requirements may result in penalties or delays in the corporation's legal standing. This comprehensive guide provides a detailed overview of Wisconsin's S Corp filing requirements, including various types of filings that need to be completed. 1. Articles of Incorporation: The first step to forming an S Corporation in Wisconsin is to file the Articles of Incorporation with the Wisconsin Department of Financial Institutions (DFI). This document includes essential information, such as the corporation's name, registered agent and office, purpose, and the number of authorized shares. The DFI allows for online filing or submission by mail. 2. Form 2553: After the Articles of Incorporation are approved and filed, the S Corporation must complete and file IRS Form 2553 to elect S Corporation tax treatment at the federal level. This form must be filed with the Internal Revenue Service (IRS) by the 15th day of the third month of the corporation's tax year, or within 2 and a half months of formation. 3. Annual Reports: All Wisconsin S Corporations are required to file an Annual Report with the DFI each calendar year. This report functions to update the state on the company's current information. The Annual Report includes details such as the corporation's legal name, principal office address, registered agent information, and officer or director names. The deadline for filing the Annual Report is the anniversary month of the corporation's formation. 4. Franchise Tax: Wisconsin imposes a franchise tax on S Corporations, referred to as the "entity level tax." This tax is determined by the corporation's net income or the value of the corporation's assets in the state, whichever is greater. The franchise tax return, Form 5S, must be filed annually with the Wisconsin Department of Revenue (FOR) by the due date of the corporation's federal income tax return. 5. Sales and Use Tax: If the S Corporation engages in sales of taxable goods or services, it must register for a Wisconsin seller's permit. This enables the collection and remittance of sales tax to the FOR. Additionally, the corporation is required to file regular sales tax returns, reporting the amount of sales and the corresponding taxes collected. It is important to note that while these requirements are commonly applicable to most S Corporations in Wisconsin, specific circumstances may vary. Therefore, it is recommended to consult with a qualified attorney or tax advisor to ensure compliance with all relevant filing obligations and to address any unique situations. Wisconsin S Corp filing requirements, Wisconsin S Corp annual report, Wisconsin S Corp entity level tax, Wisconsin S Corp Franchise Tax, Wisconsin S Corp sales and use tax.
