How to File Wisconsin Articles of Incorporation
Mon 05 June 2023
If you’re planning to establish a business in Wisconsin, filing articles of incorporation should be on top of your to-do list. These documents officially register your business and protect you from personal liability. After filing them, your business will become a separate legal entity that can enter into contracts and own property, among other legal activities.
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But don’t worry if you don’t know where to start with these crucial documents. In this article, we’ll guide you through the process of filing Wisconsin articles of incorporation, step by step.
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# Step 1: Choose Your Business Name
Before you do anything else, you need to pick out a name for your company. This name must be different from any other business operating in Wisconsin. You can check for name availability through the Department of Financial Institutions (DFI). If the name you desire is available, make sure to reserve it immediately. You can reserve a chosen name for 120 days by mail or online.
# Step 2: File Wisconsin Articles of Incorporation
Once you have reserved a name, it’s time to file your articles of incorporation. Here is what you need to do:
1. Gather the necessary information: You will need to provide basic information about your business, such as its name, legal address, and purpose. You will also need to include the date of incorporation, registered agent, and the number and type of authorized shares.
2. Decide between a domestic corporation or a foreign corporation: A domestic corporation is one that is incorporated in Wisconsin, while a foreign corporation is one that is incorporated in a different state (or country) but will have a physical presence in Wisconsin. If you are a foreign corporation, you need to obtain a certificate of authority to transact business in Wisconsin before filling Wisconsin Articles of Incorporation.
3. Fill out the Wisconsin Articles of Incorporation: You can get the form online or obtain it through the DFI.
4. Pay the filing fee: The current filing fee for articles of incorporation is $100 for both domestic and foreign corporations. All fees must be paid by check or money order made out to the Department of Financial Institutions.
5. Submit the documents: You can file online, mail or hand-deliver the documents.
# Step 3: Plan a Meeting of the Board of Directors
After completing the articles of incorporation, you need to organize a meeting with your board of directors to elect a president, treasurer, and secretary. After the transition, hold on to all the records in your company book or minutes for future purposes.
# Step 4: Get an Employee Identification Number
Every business needs an employment identification number (EIN). It's used to file taxes and hire employees. Apply for your EIN through online application of Internal Revenue Service.
# Step 5: Remember what is Next
After registering with the State and operating as a separate business entity, you will be subject to legal formalities and annual fees associated with mandatory filing obligations as a corporation.
If you have any concerns or issues regarding Wisconsin Articles of Incorporation or registering your business, it is always helpful to speak to lawyers specializing in company formation.
In Conclusion
Indeed, paperwork and legal matters may be overwhelming and daunting as you start on your journey to startup your own venture. However, these steps and resources will help you get one step closer to bringing your vision to life. Remember, seek legal guidance when needed, and create a strong support system to lead your organization to long-term success.
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