Dissolving Your Company in Wisconsin
Company Dissolution in Wisconsin
The Process
To dissolve a company in Wisconsin first step is to have a meeting of its members (for LLC) or directors/shareholders (for corporation) and have a resolution drafted authorizing dissolution. Once such resolution was ratified, the process of dissolution involves the following steps:
1. Obaining Clearances & Consents
There are no clearances of consents required to dissolve a company in Wisconsin, but you may need to file a Final Return if one is due.
2. Filing Articles of Dissolution
Articles of Dissolution are filed with Wisconsin Department of Financial Institutions. The processing of dissolution at the Wisconsin Department of Financial Institutions level takes about 5 business days, with expedited option available (next business day).
3. Newspaper Publication
There are no newspaper publication requirements to dissolve a company in Wisconsin.
4. Updating Other Agencies & Company Documents
Don’t forget to notify the IRS and other state agencies regaring the dissolution. Also, make sure you file a “final” tax return for the company.
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