Wisconsin Incorporation: Incorporate in Wisconsin
If you are interested in a Wisconsin incorporation, you need to be sure if you are up to the challenge and that you are aware of the place you want to set up your business. You also need to have a strong business plan ready to start the business and choose an appropriate business structure. Though there is lot of information available through reading material, publications, guides as well as online for widespread information regarding forming a corporation in Wisconsin, it is very critical that an attorney is consulted prior to finalizing the structure of your business.
Incorporate in Wisconsin: Types of Incorporation
You can choose to set up a business as an informal association or formal association. A formal structure offers a lot of benefits in terms of taxation and protection from liabilities. S and C-corporations refer to subsections of the Internal Revenue Code indicating the federal tax status of a corporation. In both the cases, the Articles of Incorporations are filed in the regular manner but the IRS decides whether to recognize the corporation as a sub "C" or "S" corporation.
A Wisconsin business incorporation creates a general purpose entity in whose operations are taken care by the board of directors who are chosen by shareholders. A Limited Liability Company has members instead of shareholders who may be involved directly with the management of the company or who may delegate responsibilities to their officers. It combines the features of both a partnership as well as a corporation. Under Wisconsin state law, business incorporation renders services within a single area and is subject to certain state exceptions. The name of the corporation in Wisconsin state should end with Chartered, Limited, Ltd. S.C., Corporation or Incorporation (or an abbreviation of such).