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Corporations, limited liability companies, limited liability partnerships, limited partnerships, nonprofits, and franchises MUST register with DFI . Sole proprietors and general partnerships do not have to register with DFI .
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.
How to Form a Wisconsin Limited Partnership (in 6 Steps) Step One) Choose an LP Name. ... Step Two) Designate a Registered Agent. ... Step Three) File the Certificate of Limited Partnership. ... Step Four) Create a Limited Partnership Agreement. ... Step Five) Handle Taxation Requirements. ... Step Six) Obtain Business Licenses and Permits.
By: Sandra Feldman. Administrative dissolution is an action taken by the Secretary of State that results in the loss of a business entity's rights, powers and authority.
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.
You'll have to call WDFI's Corporations Bureau at (608) 261-7577 to request the reinstatement application. WDFI will either email or mail you the form, depending on your preference. Once you complete it, you'll need to file a hard copy either by mail or in person.
A foreign LLC may not withdraw from Wisconsin until it obtains a certificate of withdrawal. To get the certificate of withdrawal for your LLC, submit Wisconsin Form 524, Foreign Limited Liability Company ? Withdrawal Application and the filing fee to the Department of Financial Services.
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.