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Wisconsin is a U.S. state in the north-central, Midwest and Great Lakes regions of the country. It is bordered by Minnesota to the West, Iowa to the Southwest, Illinois to the South, Lake Michigan to the East, Michigan to the Northeast, and Lake Superior to the North. The state capital is Madison, and its largest city is Milwaukee, the state is divided into 72 counties.
Wisconsin has a total area of 65,498.37 square miles (169,640 km2).
Wisconsin's population in 2020 is estimated to be 5.86 million, ranks 20th populous state in the United States.
In Wisconsin, English is the most common language. Spanish is the second common language with 10.3% of the population speaking. Hmong, Arabic, German, Chinese, French, Polish, and Vietnamese are also among the most widely spoken.
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.
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.
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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.
One IBC supply incorporation in Wisconsin service with the common type Limited Liability Company (LLC) and C-Corp or S-Corp.
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.
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";
No public register of company officers.
Just 4 simple steps are given to register a business in Wisconsin:
* These documents required to incorporate a company in Wisconsin:
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How to register a business in Wisconsin
There is no minimum or a maximum number of authorized shares since Wisconsin incorporation fees are not based on the share structure.
Only one director required
Minimum number of shareholders is one
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.
Financial statement
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
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.
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.
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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).