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Selecting the Wisconsin Corporation or LLC Name

When selecting a name for your Wisconsin based corporation or LLC, it should be remembered that the name will need to be unique and will identify you as a separate entity transacting business within the state. The name of a corporation must end with “Incorporated,” “Corporation,” “Corp” or “Inc.”. When choosing a name for a limited liability company, keep in mind that it must end with “Limited Liability Company” or “LLC”.

As the name will be identifying your corporation or LLC as a unique business entity to Wisconsin consumers, the name will not be accepted if it is likely to mislead the public or if it too closely resembles the name of another corporation or LLC formed in the state of Wisconsin.

Some consider it an advantage to try to name your corporation or LLC so that it will identifty with the goods or services you provide, but this is not required. Do not use any type of punctuation when choosing the name such as dashes, underscores, periods, question marks or commas in name selection.

Selecting a Board of Directors

A corporation can have several members serve it as directors but is only required to have one. Since the board is responsible for managing the corporation closely, it is suggested that the board be comprised of individuals that are officers or shareholders who have some type of daily involvement with the corporation and its dealings. Wisconsin has no minimum age requirements for a director.

Wisconsin Taxes

Corporations are expected to file the Wisconsin Corporation Franchise or Income Tax return, Form WI 4 or WI 5S annually, whether a “C” or “S” corporation. The amount of tax that will be owed by the company is dependent on several factors and there is no minimum tax.

LLC’s based in Wisconsin are required to file taxes as a corporation or a partnership dependent on the election made on the SS-4 form. Wisconsin does maintain an individual income tax so employers are expected to withhold state income tax. Wisconsin maintains a general sales and use tax of 5.%.

Registered Agent

The registered agent must have a physical street address within Wisconsin state. PO boxes are not acceptable, within Wisconsin.

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