Wisconsin Articles of Dissolution — Limited Liability Company are documents that are used to dissolve a Wisconsin Limited Liability Company (LLC). The Articles of Dissolution must be filed with the Wisconsin Department of Financial Institutions in order to officially dissolve the LLC. The documents state the name of the LLC, the reason for dissolution, the date of dissolution, and the signature of the LLC's organizer, manager or member. There are two types of Wisconsin Articles of Dissolution — Limited Liability Company: Voluntary Dissolution and Judicial Dissolution. Voluntary Dissolution is when the LLC members voluntarily decide to dissolve the LLC, while Judicial Dissolution is when the court orders the dissolution of the LLC.
Wisconsin Articles of Dissolution - Limited Liability Company
State:
Wisconsin
Control #:
WI-SKU-1086
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PDF
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Articles of Dissolution - Limited Liability Company
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FAQ
The Articles of Organization form asks for your LLC name, business address, Registered Agent, and other information. How do I get Articles of Organization in Wisconsin? You can get the Wisconsin Articles of Organization from the state's website.
A Wisconsin LLC is created by filing Articles of Organization (Form 502) with the Wisconsin Department of Financial Institutions. The articles must include: the LLC's name. the name and address of the LLC's registered agent.
Although some people confuse dissolution and termination, dissolution does not terminate an LLC's existence. What it does is change the purpose of its existence. Instead of conducting whatever business it conducted before, a dissolved LLC exists solely for the purpose of winding up and liquidating.
Administrative dissolution is the taking away of the rights, powers, and authority of a domestic corporation, LLC, or other statutory business entity by the state administrator overseeing business entities, due to the entity's failure to comply with certain obligations of the business entity statute.
Dissolution is a legal process that terminates a business entity's existence. If a corporation or LLC is not properly dissolved, it continues to exist as a legal entity under state law. This means that it still faces corporate or LLC filing requirements, such as annual reports and franchise taxes.
To withdraw your foreign corporation or LLC from Wisconsin, you must file the withdrawal application with the Department of Financial Institutions: Division of Corporate and Consumer Services (DFI). Use of the DFI withdrawal form is mandatory.
To dissolve your LLC in Wisconsin, submit Wisconsin Form 510, Articles of Dissolution to the Department of Financial Institutions: Division of Corporate and Consumer Services (DFI) in person or by mail or commercial delivery. Use of the DFI form is not mandatory; you may draft your own articles of dissolution.