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Wisconsin LLC Operating Agreements (2)

A Wisconsin LLC operating agreement is a legal document that establishes the way a limited liability company (LLC) in Wisconsin will operate. The document refers to the ownership structure, policies, and procedures the LLC will implement. Every member should keep a copy on file.

By Type (2)


Single-Member LLC Operating Agreement

Download: Adobe PDF, MS Word

 

 


Multi-Member LLC Operating Agreement

Download: Adobe PDF, MS Word

 

 


Table of Contents

How to Form an LLC in Wisconsin

  • Filing fee: $130 (online filings), $170 (paper filings)
  • Processing time: 5 business days 

1. Choose a Name

The first step in the process of registering an LLC in Wisconsin is to search the corporate records to determine whether a chosen name is available for use.

2. Choose an LLC Type

Domestic LLC – For an LLC located within Wisconsin.

  • Online Filing – Online portal.
  • Paper Filing (Form 502) – Complete the Articles of Organization form and send along with filing fee to State of WI-Dept. of Financial Institutions, Division of Corporate and Consumer Services, 4822 Madison Yards Way, North Tower, Madison, WI 53705.

Foreign LLC – For an LLC located outside Wisconsin.

  • Online Filing – Online portal.
  • Paper Filing (Form 521) – Complete the form and send with filing fee to State of WI – Dept. of Financial Institutions, P.O. Box 93348, Milwaukee, WI 53293. Make checks payable to the Department of Financial Institutions.

3. Post-Formation

Name Reservation

  • Filing fee: $10

The State of Wisconsin allows a person to reserve a name for an LLC for up to 120 days (§ 181.0402).

  • Paper Filing (Form 1) – Complete the Name Reservation Application and send it to State of WI-Dept. of Financial Institutions, Box 93348, Milwaukee, WI 53293-0348, together with a check for the filing fee, payable to the department.

Renewing an LLC (Annual Report)

  • Filing fee: $25 (domestic LLCs), $80 (foreign LLCs)

In Wisconsin, LLCs are required to deliver an annual report each year following the calendar year in which the company is established (§ 180.1622).

  • Online Filing – Log in using the LLC’s name or entity ID to file an annual report online.
  • Paper Filings (Form 5-I) – Send completed annual report and filing fee to State of WI-Dept. of Financial Institutions, P.O. Box 93348, Milwaukee, WI 53293.

Dissolving an LLC

Filing fee: $20

An LLC can be dissolved with the filing of Articles of Dissolution with the Department of Financial Institutions (§ 180.1403).

  • Online Form (Form 510) —This form dissolves or terminates an LLC; there is a $20.00 filing fee and any additional fee. 

Statutes

“LLC Operating Agreement” Definition

“Operating agreement” means the agreement, whether or not referred to as an operating agreement and whether oral, implied, in a record, or in any combination thereof, of all the members of a limited liability company, including a sole member, concerning the matters described in s. 183.0105 (1). The term includes the agreement as amended or restated.