Wisconsin Bylaws of Executive Help Services, Inc.
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703.093 Alternative procedure for amending declaration. (1) As an alternative to s. 703.09 (2), a condominium declaration may be amended under this section if at least two-thirds of the aggregate of the votes established under s.
703.17 Insurance. (1) An association shall obtain insurance for the property against loss or damage by fire and such other hazards for not less than full replacement value of the property insured and a liability policy covering all claims commonly insured against.
Having PSC status allows the owners working as employees to be paid a salary, and these salaries are deductible as business expenses, reducing the corporation's tax liability. Offsetting this benefit is the requirement that employee-owner work must be fairly compensated.
Wisconsin doesn't require that corporations maintain bylaws, but you should do so anyway. Bylaws set forth your company's internal operating rules and procedures. They define the responsibilities of your directors, the rights and powers of your shareholders, and all other corporate matters.
The corporate seal is a mark of identity. A corporate seal is no longer required by LLCs or Corporations and any state in the United States.
A service corporation may own, operate, and maintain an establishment and otherwise serve the convenience of its shareholders in carrying on the particular profession, calling, or trade for which the licensure, certification, or registration of its organizers is required.
A personal service corporation is a corporation that is created to provide personal services to individuals or groups. Such services span a wide variety of professional business endeavors as specified by the Internal Revenue Service (IRS) (see below).
The bylaws may be amended by the affirmative vote of unit owners having 67 percent or more of the votes. Each particular set forth in sub. (2) shall be expressed in the bylaws as amended. Following an amendment to the bylaws, the association shall promptly deliver to each unit owner a copy of the approved amendment.
The Common Elements are owned collectively by all of the Unit owners. Each Unit is assigned a percentage ownership interest in the Common Elements. These Percentage Interests are established in the Condominium Declaration.
2d 85, 763 N.W. 2d 126, 07-0191. 703.105 Display of the United States flag and political signs. (1) No bylaw or rule may be adopted or provision included in a declaration or deed that prohibits a unit owner from respectfully displaying the United States flag.