Wisconsin (United States of America)

The Government of Wisconsin is the governmental structure as established by the Constitution of Wisconsin, which is organized into three branches: Executive, Legislative, and Judicial.

• The Legislative branch: The Wisconsin State Legislature is Wisconsin's legislative branch. The Legislature is a bicameral body consisting of the Assembly and the Senate.
• The Executive Branch is headed by the Governor and responsible for executing the laws that are created by the state's legislative branch and defined by the state's Judicial branch;
• The Judicial branch: Wisconsin's court system has four levels: municipal courts, circuit courts, the Court of Appeals, and the Supreme Court.

In 2019, the real GDP of Wisconsin was $305.87 billion. The GDP per capita of Wisconsin was $52,534 in 2019.

The economy of Wisconsin is driven by manufacturing, agriculture, and health care. Wisconsin produces about a quarter of America's cheese, leading the nation in cheese production, and second in milk production after California. Wisconsin is home to a very large and diversified manufacturing economy, with special focus on transportation and capital equipment. Wisconsin is a major producer of paper, packaging, and other consumer goods. Other major industries in Wisconsin include tourism, film industry, energy, etc.

Currency:

United States Dollar (USD)

The corporate laws of Wisconsin are user-friendly and often adopted by other states as a standard for testing corporate laws. As a result, the corporate laws of Wisconsin are familiar to many lawyers both in the US and internationally. Wisconsin has a common law system.

Type of Company/Corporation:

One IBC supply incorporation in Wisconsin service with the common type Limited Liability Company (LLC) and C-Corp or S-Corp.

Business Restriction:

The use of the bank, trust, insurance, or reinsurance within the name of the LLC is generally prohibited as limited liability companies in most states are not allowed to engage in a banking or insurance business.

Company Name Restriction:

The name of each limited liability company as set forth in its certificate of formation: Shall contain the words "Limited Liability Company" or the abbreviation "L.L.C." or the designation "LLC";

• May contain the name of a member or manager;
• Must be such as to distinguish it upon the records in the office of the Secretary of State from the name on such records of any corporation, partnership, limited partnership, statutory trust or limited liability company reserved, registered, formed or organized under the laws of the State of Wisconsin or qualified to do business.

• May contain the following words: "Company," "Association," "Club," "Foundation," "Fund," "Institute," "Society," "Union," "Syndicate," "Limited" or "Trust" (or abbreviations of like import).

Company Information privacy:

No public register of company officers.

Just 4 simple steps are given to register a business in Wisconsin:

• Step 1: Select basic Resident/Founder nationality information and other additional services that you want (if any).
• Step 2: Register or log in and fill in the company names and director/ shareholder(s) and fill in the billing address and special request (if any).
• Step 3: Choose your payment method (We accept payment by Credit/Debit Card, PayPal, or Wire Transfer).
• Step 4: You will receive soft copies of necessary documents including Certificate of Incorporation, Business Registration, Memorandum and Articles of Association, etc. Then, your new company in Wisconsin is ready to do business. You can bring the documents in the company kit to open a corporate bank account or we can help you with our long experience of Banking support service.

* These documents required to incorporate a company in Wisconsin:

• Passport of each shareholder/beneficial owner and director;
• Proof of residential address of each director and shareholder (Must be in English or certified translation version);
• The proposed company names;
• The issued share capital and par value of shares.

Read more:

How to register a business in Wisconsin

Share Capital:

There is no minimum or a maximum number of authorized shares since Wisconsin incorporation fees are not based on the share structure.

Director: 

Only one director required 

Shareholder:

Minimum number of shareholders is one 

Wisconsin company taxation: 

Companies of primary interest to offshore investors are the corporation and the limited liability company (LLC). LLCs are a hybrid of a corporation and a partnership: they share the legal features of a corporation but may choose to be taxed as a corporation, partnership, or trust.

• Us Federal Taxation: US Limited Liability companies structured for partnership tax treatment with non-resident members and which conduct no business in the US and which have no US-source income are not subject to US federal income tax and are not required to file a US income tax return.
• State Taxation: US limited liability companies that conduct no business in the recommended states of formation with non-resident members are generally not subject to state income tax and are not required to file a state income tax return.

Financial statement

Local Agent:

Wisconsin law requires that every business have Registered Agent in the State of Wisconsin who may be either an individual resident or business that is authorised to do business in the State of Wisconsin

Double Taxation Agreements:

Wisconsin, as the state-level jurisdiction within the US, has no tax treaties with non-US jurisdictions or double tax treaties with other states in the US. Rather, in the case of individual taxpayers, double taxation is minimised by providing credits against Wisconsin taxation for taxes paid in other states. 

In the case of corporate taxpayers, double taxation is minimised through allocation and appointment rules related to the income of corporations engaged in multi-state business. 

License Fee & Levy:

To form a corporation, the Articles of Incorporation need to be filed with the Wisconsin Department of Financial Institutions. The filing fee is $100.

To form a Wisconsin LLC, the Articles of Organization needs to be filed with the Wisconsin Department of Financial Institutions. The filing fee is $130 online and $170 when filing by mail.

Read more: 

• Wisconsin trademark 
• Wisconsin business license 

Payment, Company return due date:

Wisconsin Filing Due Date: Business tax returns are due by April 15 — or by the 15th day of the 4th month following the end of the taxable year (for fiscal year filers).