Wisconsin LLC Annual Report – File an LLC Annual Report in Wisconsin


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The objective of the annual report is three-fold. The annual report keeps the Government informed about all the updates, communicates about all the modifications or changes, & keeps the LLC members informed about the necessary taxes and costs. This article has all the information about Wisconsin LLC annual report filing in Wisconsin.

An annual report can be called an address book, as it features all the relevant addresses of the company & the members. This yearly report is a record of all the company’s activities in an entire year. It is also referred to as the Annual Franchise Tax Report because it helps in filing the franchise tax.

Contents of the Annual Report

Typically the annual report filed by a Wisconsin LLC (or any other business entity for that matter) will include all the information related to its business & members. The standard contents of the annual report  or the annual franchise tax report are

  • Office Address of the LLC
  • Names & Addresses of the Members & managers.
  • Identification Documents
  • Social Security numbers of the key members of LLC
  • The objective of the business of LLC
  • List of all the signatories of the LLC
  • Information of the registered agent, if any

Wisconsin LLC Annual Report

An Annual report is essential for all business types. It authenticates that the information provided to the Secretary Of the State is accurate & updated. The information provided in the annual report helps the State officials to ensure that all the companies pay taxes. The Wisconsin Annual Report is filed with the Wisconsin Department of Financial Institutions.

Does the State of Wisconsin Require an Annual Report Filing?

Every Business Entity in Wisconsin must file an Annual Report. This includes all the legal entities such as C Corporations, Limited Partnerships, Limited Liability Companies, bound to file the Annual Report.

Annual Report Deadline

As mentioned above, filing the Annual report is a mandatory requirement even for an LLC. An LLC operating in Wisconsin has to file the Annual report every year within the same quarter, in which the LLC was formed with the Wisconsin Department of Financial Institutions. The quarterly filing dates are March 31, June 30, September 30, and December 31. For example, If an LLC was formed between January 1 & March 31, the filing date for that LLC will be March 31.

Penalties for Non-filing or late filing

An Annual Report is one of the important documents filed by an LLC. Any Annual Report filed after the deadline will lose its good standing status. Further failure to file the annual report will cause the dissolution of the LLC.

Why Do LLCs Have to File the Annual Report?

Some of the states are not required to file this yearly report, commonly known as the Annual Report. However, there are some reasons why states should file an LLC Annual Report. Here are some reasons,

To Maintain the Accuracy of the Information

An annual report filed by the LLC has all the updated information about its official addresses & the names or addresses of all its officials. This updated information allows the State authorities to track down any LLC when communicating.

To Provide the Correct Correspondence

Many times, any creditor or other entity willing to transact with the LLC requires the correct correspondence address. If this information (which can only be modified with the help of an annual report) is not updated every year, such entities will not be able to communicate with them.

To Notify the Government About All the Significant Changes

If you have changed your main business address or had new business appointments of managers or members, the annual public information report notifies the State Government Entities about it. So, the next time someone questions a newer reform that you have introduced in your LLC, you will be saved because you had submitted the information with the Government.

To Provide an Activity Log of an LLC

The Annual Report is like an activity log of the LLC. It brings on record; all the transactions, new associations, appointments, etc. & keeps those records intact for all future references.

To Help You With the One-time Filing of Taxes

The annual report is an excellent means to keep you on your toes in case of your dues payment. Every LLC must pay the taxes through the annual report filing. By filing the report on time, the LLC can manage the exemptions & can avoid penalties imposed by the Government. 

To Enable the State to Track the Payments

The government authorities use all the information filed through the annual report, for tracking the payment of State Taxes.

How to File a Wisconsin LLC Annual Report

The Wisconsin LLC Annual Report can be filed online only. Any Annual Report filed after the deadline will lose its good standing status. Further failure to file the annual report will cause the dissolution of the LLC.

Steps to File Wisconsin LLC Annual Report Online

Time needed: 5 minutes.

Below is the procedure to file the Wisconsin LLC Annual Report online.

  1. Visit Wisconsin’s One Stop Business.

    Your first step in filing the Wisconsin Annual Report is to visit Wisconsin’s One-stop Business Portal. wisconsin-llc-annual-report

  2. Click on the File my Annual Report Today tab.

    Click on the File my Annual Report Today Tab at the top of the page. wisconsin-llc-annual-report

  3. Enter your Business Name or Entity ID in the Search Box.

    Enter your Business Name or Entity ID in the Search Box & click on the search button. Choose the Correct business name & start filing the report online. wisconsin-llc-annual-report

Wisconsin LLC Annual Report (Domestic & Foreign)

State Office:Department of Financial Institutions, 421 NW 13th,
Suite 210, Wisconsin  City, OK 73103
Links to Website
Due Date:An LLC operating in Wisconsin has to file the Annual report every year within the same quarter, in which the LLC was formed with the Wisconsin Department of Financial Institutions. The quarterly filing dates are March 31, June 30, September 30, and December 31. For example, If an LLC was formed between January 1 & March 31, the filing date for that LLC will be March 31.
Filing Fee:The Annual Report filing fee is $25.
Penalty:Any Annual Report filed after the deadline will lose its good standing status. Further failure to file the annual report will cause the dissolution of the LLC.
Filing Method:An LLC can file the Annual Report Online only
Forms:
Important Information:Once a Domestic or Foreign Wisconsin Limited Liability Company submits the Annual Report along with the prescribed fees to the Wisconsin Department of Financial Institutions, the filing is said to be complete.

Seek the Help of a Registered Agent

Every State will have a different rule for filing the Annual Report. Usually, it is submitted every year, but it is submitted once in two years in some states. Some states require the filing of the report only once in ten years.

Not only the timing, the mode of filing, the proper addresses, exemptions, legality, annual report compliance, etc., have to be taken care of while paying the taxes or filing any reports with the State authorities. In many such scenarios, it is advised that an LLC appoints a Registered Agent to manage all this. Check out the best LLC service that offers all the services at an affordable price. An experienced agent is required for:

  1. Streamlining the mandatory processes & filing.
  2. Sending or receiving any documents.
  3. Reminding you about important dates of filing or payment of taxes. 
  4. Simplifying the filing procedures.
  5. Avoid any penalties.
  6. Flexibility in working.
  7. Maintaining Privacy (as it keeps your personal records off the public record)

You can read more about a Wisconsin Registered Agent here.

How Fast Can I Fill Wisconsin LLC Annual Report

Deadline for filing annual reports in Wisconsin is every year within the same quarter, in which the LLC was formed with the Wisconsin Secretary of State.

If you are wondering, “How Fast Can I Fill out my Wisconsin LLC annual report?”, you have come to the right place. You can now submit your annual report online with the help of the Department of Financial Institutions. You can do this from the homepage of your corporation’s page. The website will also give you reminders, if you’re unsure of when to submit your report.

The Wisconsin LLC annual report deadline is on March 31, each year. However, filing it on time can be a time consuming task, especially if you’re quick-paced and have other things to do. Fortunately, you can make the process faster by using automated technology. You can even create a personalized dashboard and set deadlines for future filings.

When you start your business, the first step in filing your annual report is to choose a name. The name of your company is important, as you need to register your company’s name with the Department of Financial Institutions. You will need to pick a name for your LLC if you don’t want to use the same name as the previous one. The state will send you a postcard a few weeks before the deadline. If you want to file your report online, you can use the Wisconsin One Stop Business Portal. Otherwise, you can mail it to the Department of Financial Institutions.

If you are a Wisconsin LLC, you can submit your annual report online or mail it to the Department of Financial Institutions. You can also file it by mail if you’re a foreign LLC. If you’re not sure how to file your Wisconsin LLC annual report, you can visit the Department of Financial Institutions’ website to get more information. The deadline for filing is usually the last quarter of the year you formed your LLC.

Once your business is registered, you need to choose a registered agent to serve as the business’s representative. You can choose to be the business owner, appoint an associate or hire a third party entity as your registered agent. Just be sure to choose an agent with a Wisconsin physical address. Otherwise, you may find yourself out of compliance with government regulations.

Next, you need to select the type of LLC. You can choose between member-managed and manager-managed. The former requires you to enter information on the manager of the company. If you’re a member-managed LLC, you don’t need to enter this information. If you don’t know, look at the articles of organization, which contain information about the management structure.

The Wisconsin Department of Revenue requires that LLCs with employees pay state and federal employer taxes. In addition, you must file quarterly withholding tax returns and register for unemployment insurance.

FAQs

Is it essential to file an Annual Report?

Yes, an annual report is essential for every business entity in most states. Some states also ask to file biennial or decennial reports to be filed.

What are the contents of the Annual Report?

A Yearly Business Report or the annual report typically incorporates the address of the business, names & addresses of the members, a list of all the signatories, SSN of the members, & details of the registered agent.

Why is hiring a Registered Agent necessary in filing the Annual Report?

A Registered Agent is well-aware of all the filing requirements, annual report filing fee, & overall Annual Report compliance. The knowledge & proficiency of the registered agent allows the smooth filing of reports & other fees.

What do I have to do for the annual business report preparation?

The most important thing for filing an Annual Report is record keeping. Make sure that you document every other transaction well.

Do the filing fees change as per the types of companies?

Yes, the fees may vary depending on the type of entity or the type of legal entity you are representing.

In Conclusion

An LLC has to file many types of reports, such as Application for Reinstatement, Periodic Report of a limited partnership (usually filed by the exempt nonprofit organization), etc., which are required depending on the type of entity. The Annual Report is mandatory irrespective of the entity type. It requires compliance across entities.

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