How to Dissolve a Corporation in Wisconsin (How to legally Close a Wisconsin Business)
WISCONSIN BUSINESS SERVICES CORPORATION Incorporate in Wisconsin Wisconsin Professional Corporation Wisconsin Nonprofit Corporation WI Corporation Foreign Qualification Wisconsin Corporation Annual Report Wisconsin Corporation Dissolution LLC Form a LLC in Wisconsin WI LLC Foreign Qualification Wisconsin LLC Annual Report Wisconsin LLC Dissolution OTHER WISCONSIN BUSINESS SERVICES Wisconsin Good Standing Certificate Wisconsin Apostille Wisconsin DBA Name Wisconsin Registered Agent WI Corporation Kit and Seal Wisconsin Certified Copies WI Business Reinstatement WI Company Name Reservation WI Tax Status Compliance Certificate WI Attorney Good Standing Certificate Wisconsin Property Deed WI Employer Requirements QUICK ENTRY FORMS Wisconsin Incorporation Wisconsin LLC WI Professional Corporation WI Nonprofit Corporation WI Foreign Corporation WI Foreign LLC WI LLC Dissolution WI Corporation Dissolution CORPORATE GLOSSARY   Administrative Dissolution Agent for Service of Process Apostille Apportionment Articles of Incorporation Articles of Organization Assumed Name At Will LLC Authorized Shares B Corporation Benefit Corporation Board of Directors Business Dissolution Business Entity Bylaws Certificate of Existence Certificate of Status Certified Copy Close Corporation Common Stock Conversion Corporate Bylaws Corporate Name Reservation Corporate Stock DBA Disregarded Entity Dividends ESOP Excise Tax Federal Tax ID Ficticious Name Foreign Qualification Franchise Tax General Partnership Good Standing Certificate Incorporator Involuntary Dissolution IRS Form 966 ITIN Limited Liability Company Limited Partnership Liquidation LLC LP Majority Shareholder Meetings Merger Nexus Non-Stock Corporation Nonprofit Corporation Obligated Member LLC Organizer Paid-in Capital Paid-in Surplus Par Value Personal Service Corporation Preferred Stock Privilege Tax Professional Corporation Professional Service Proxy Registered Agent Registered Office Reporting Requirements Revocation S Corporation Series LLC Service Mark Shareholder Sole Proprietor Stated Capital Statutory Agent Stock Certificate Term LLC Trade Name Trademark Trust Trustee Winding Up	What is Wisconsin Corporation Dissolution? A Wisconsin Corporation is created when the WI Department of Financial Institutions approves the Articles of Incorporation. A record of the Wisconsin Corporation is added to the list of Corporations which have officially registered with the Wisconsin Department of Financial Institutions.  Once a Corporation is registered with the Wisconsin Department of Financial Institutions, that Corporation immediately has both reporting and tax obligations which incur penalties if the obligations are not met by the required deadlines.   more... less... A Wisconsin Corporation is created when the WI Department of Financial Institutions approves the Articles of Incorporation. A record of the Wisconsin Corporation is added to the list of Corporations which have officially registered with the Wisconsin Department of Financial Institutions.  Once a Corporation is registered with the Wisconsin Department of Financial Institutions, that Corporation immediately has both reporting and tax obligations which incur penalties if the obligations are not met by the required deadlines.   If you've registered a Wisconsin Corporation with the Wisconsin Department of Financial Institutions and want to cease business activities you have to let the WI Department of Financial Institutions know that you intend to close your company.  Only after the WI Secretary of State has made sure that all of the obligations of the Wisconsin Corporation have been fulfilled will the Department of Financial Institutions approve of the closure of the company. When the Wisconsin Department of Financial Institutions approves the closing of a WI Corporation, that Wisconsin Corporation is said to be Dissolved.   The process of Dissolving a Wisconsin Corporation is called Wisconsin Corporation Dissolution. If a Wisconsin Corporation is in delinquent status, that Wisconsin Corporation is required to pay any and all back fees due the WI Department of Financial Institutions at the time of Dissolution. Why do I need to Dissolve a Wisconsin Corporation? As soon as a Wisconsin Corporation is registered with the WI Department of Financial Institutions, that Corporation is responsible for recurring obligations of the Wisconsin Department of Financial Institutions and the Wisconsin Department of Revenue.  If the Wisconsin Corporation does not file reports or pay taxes then that WI Corporation could be responsible for penalties which go up as time goes by. Unless you Dissolve your Wisconsin Corporation with the Wisconsin Department of Financial Institutions that WI Corporation will be responsible for all recurring fees and penalties. What do I have to do to Dissolve a Wisconsin Corporation? Wisconsin Corporation Dissolution is one part of a larger process commonly called the "Winding Up" process.   more... less... Wisconsin Corporation Dissolution is one part of a larger process commonly called the "Winding Up" process. There are things you need to do before you can request approval of Corporation Dissolution from the Wisconsin Department of Financial Institutions; and things that you have to do after the WI Department of Financial Institutions has approved Dissolution of the Wisconsin Corporation.  What you have to do both before and after the Wisconsin Corporation is Dissolved largely depends on how much stock, if any, has been issued and how much and what kind of debts and liabilities that the Wisconsin Corporation has.  If the Wisconsin Corporation has not commenced business then the WI Corporation Dissolution process is easier. What do I have to do before I Dissolve a Wisconsin Corporation? Things you need to do before you Dissolve a Wisconsin Corporation.   1. Hold a Directors meeting and record a resolution to Dissolve the Wisconsin Corporation   2. Hold a Shareholder meeting to approve Dissolution of the Wisconsin Corporation   3. File all required Annual Reports with the Wisconsin Department of Financial Institutions   4. Clear up any business debt   5. Pay all taxes and administrative fees owed by the Wisconsin Corporation more... less... 1. Hold a Board of Directors meeting and record a resolution to Dissolve the Wisconsin Corporation If a Board of Directors has been appointed for the Wisconsin Corporation then the Board is required to adopt a resolution to Dissolve the WI Corporation. Minutes of the meeting must be recorded and retained in the business records. If the Board of Direcrtors has not been appointed then the Incorporator(s) have to apply for Dissolution of the Wisconsin Corporation. We can transcribe and compile minutes or approvals into a form that is legally recognized by the Wisconsin Department of Financial Institutions. 2. Hold a Shareholder meeting to approve Dissolution of the Wisconsin Corporation If a Wisconsin Corporation has issued shares of stock then a majority of Corporate Shareholders must approve the Dissolution plan. The approval actions should be documented and kept in the business records. If no shares have been issued then the Wisconsin Corporation Dissolution process is easier. If necessary, we can transcribe and compile minutes into a form that is legally recognized by the Wisconsin Department of Financial Institutions. 3. File all required Annual Reports with the Wisconsin Department of Financial Institutions The Wisconsin Department of Financial Institutions will not approve the Dissolution of a WI Corporation until all required reports have been filed. We can file any required Annual Report with the WI Department of Financial Institutions. 4. Clear up any business debts All creditors of a Wisconsin Corporation should be given notice of the pending Corporation Dissolution. Each creditor should be given a mailing address to which they may submit claims as well as a deadline by which claims may be submitted. While the Wisconsin Department of Financial Institutions does not legally require the publication of a Notice of Dissolution of a Wisconsin Corporation, publication is a good way to notify anyone who might have a claim against the Wisconsin Corporation.  Evidence of publication might prove useful down the line if someone makes a claim against the WI Corporation after the Wisconsin Corporation has been dissolved. 5. Pay all taxes and administrative fees owed by the Wisconsin Corporation The Wisconsin Department of Financial Institutions will definitely not approve the Dissolution of a Wisconsin Corporation until all outstanding taxes and applicable registration and administrative fees have been paid. less... What do I have to do after I Dissolve a Wisconsin Corporation? Things you have to do after you Incorporate in Wisconsin.   1. Distribute all remaining assets of the Wisconsin Corporation   2. Close all business bank accounts of the Wisconsin Corporation   3. Cancel all local business licenses and permits   4. File Form 966 with the IRS   5. Cancel the IRS account associated with the WI Corporation's Federal Tax ID (EIN) more... less... 1. Distribute all remaining assets of the Wisconsin Corporation If the Wisconsin Corporation has any remaining assets, these may be divided according to the Shareholders' ownership interests in the WI Corporation. All distributions to Corporate Shareholders must be reported to the IRS. 2. Close all business bank accounts of the Wisconsin Corporation If there are any business accounts that have been opened for the Wisconsin Corporation then those accounts must be closed. If Corporate business accounts are left open there may be liability and obligations of the Dissolved Wisconsin Corporation which could lead to legal problems. 3. Cancel all local business licenses and permits of the WI Corporation If the Wisconsin Corporation has obtained any state, regional, county or city business licenses or permits, each of those must be cancelled to avoid any reporting or fiscal obligations of the Wisconsin Corporation. This includes business registration licenses as well as reseller permits. 4. File IRS Form 966 All Dissolved Wisconsin Corporations must file IRS Form 966 with the US Internal Revenue Service. This filing is required within 30 days after the final Dissolution plan is approved. Filing IRS Form 966 lets the Federal Government know that the Wisconsin Corporation has been legally Dissolved so that it may take the appropriate actions. We can prepare IRS Form 966 for you to file. 5. Cancel the IRS account associated with the WI Corporation's Federal Tax ID (EIN) A Federal Tax ID, or Federal Employer Identification Number (EIN), is like the Social Security Number for the Wisconsin Corporation.  Once the IRS links an EIN to a Wisconsin Corporation, that EIN stays with the Wisconsin Corporation even after the Company has been Dissolved by the Wisconsin Department of Financial Institutions. When the IRS processes the final tax return for the Wisconsin Corporation, they automatically make the EIN inactive.  However, the account associated with the EIN is not automatically closed.  Closing the account associated with the EIN lessens the likelihood of any problems with the EIN account, or with the IRS, in the future. If you should decide to revivie the Wisconsin Corporation down the line the IRS will reactivate the old EIN for your new Business. Before a Wisconsin Corporation can close an EIN account, it must be in Good Standing with the IRS.  The Wisconsin Corporation must have filed all required tax returns and paid any applicable fees and penalties due to the IRS.  The Wisconsin Corporation cannot close its EIN account until the IRS has received payment for any tax amounts the Company may owe. We can prepare the formal documents which you can sign and submit to the IRS in order to close the account associated with your EIN. How long does it take to Dissolve a Wisconsin Corporation? The time it takes to Dissolve a Wisconsin Corporation varies depending on how long it takes to complete the actions that are required in each specific case - holding meetings, closing accounts, distributing assets, etc. Once the initial actions are completed, the Wisconsin Department of Financial Institutions usually takes around 3-5 business days to process the Articles of Dissolution.    more... less... The time it takes to Dissolve a Wisconsin Corporation varies depending on how long it takes to complete the actions that are required in each specific case - holding meetings, closing accounts, distributing assets, etc. Once the initial actions are completed, the Wisconsin Department of Financial Institutions usually takes around 3-5 business days to process the Articles of Dissolution. Processing times for Wisconsin Corporation Dissolution filings vary depending on the work load of the Department of Financial Institutions's staff.  We've found that normal processing of Wisconsin Dissolution filings takes the state around 3-5 business days. PLEASE NOTE: WE CANNOT GUARANTEE WISCONSIN DEPARTMENT OF FINANCIAL INSTITUTIONS PROCESSING TIMES. We are dependent on, and have no control over, the staff and systems of the Wisconsin Department of Financial Institutions . In our experience 3-5 business days is the time it usually takes the Wisconsin Department of Financial Institutions to process a Wisconsin Dissolution filing. We get your Wisconsin Corporation Dissolution filing to the WI Department of Financial Institutions ASAP. Once it is at the state we have no control over the Wisconsin Dissolution approval process. How much does it cost to Dissolve a Corporation in Wisconsin? The total cost to Dissolve a Wisconsin Corporation varies depending on exactly what is required for each specific WI Dissolution. We charge $249.00 plus any state fees for our Wisconsin Corporation Dissolution services. This includes: Same day processing Transcribe minutes of Board of Directors meeting which proposes Dissolution Transcribe minutes of Shareholders meeting at which Dissolution was approved Prepare and file Articles of Dissolution with the Wisconsin Secretary of State Prepare US IRS Form 966 for you to sign and file Prepare documents to cancel Federal EIN account Certified copy of Dissolution filing from WI Secretary of State Priority Mail Delivery of all documents Unlimited Customer Support We also offer these Wisconsin Corporation Dissolution services separately as explained on the right side of this web page. What do I have to do if I want to Dissolve a Foreign Corporation that is tied to a WI Domestic Corporation? If there are Foreign Corporations in states other than Wisconsin that are tied to the Domestic Wisconsin Corporation then each of those Foreign Corporations must be Dissolved before the Wisconsin Corporation is legally Dissolved. How long before someone can use my Corporation name in Wisconsin after I Dissolve? Unless a Dissolved WI Corporation terminates the rights to its Corporate name that Wisconsin Corporation company name cannot be used by another Wisconsin Corporation or LLC until after 120 days from the date on which the Wisconsin Department of Financial Institutions approved the Wisconsin Corporation's Dissolution filing. Do I have to publish a Notice of Dissolution of the Wisconsin Corporation? There are no state of Wisconsin requirements for the publication of a Notice of Dissolution of a Wisconsin Corporation. While the Wisconsin Department of Financial Institutions does not legally require the publication of a Notice of Dissolution of a Wisconsin Corporation, publication is a good way to notify anyone who might have a claim against the Wisconsin Corporation.  Evidence of publication might prove useful down the line if someone makes a claim against the WI Corporation after the Wisconsin Corporation has been dissolved.	WISCONSIN CORPORATION DISSOLUTION SERVICES For $249.00 our Wisconsin Corporation Dissolution Services include: Same day processing explain We will start processing your application for a Wisconsin Corporation Dissolution on the same day that you submit your order.  We get your WI Corporation Dissolution filing to the Wisconsin Department of Financial Institutions as fast as possible.  Once they get the application, the WI Department of Financial Institutions usually takes 3-5 business days to process a Wisconsin Corporation Dissolution filing. Transcribe minutes of Board of Directors meeting which proposes Dissolution Transcribe minutes of Shareholders meeting at which Dissolution was approved Prepare and file Articles of Dissolution with the Wisconsin Department of Financial Institutions Prepare US IRS Form 966 for you to sign and file Prepare documents to cancel the Federal EIN account linked to the Wisconsin Corporation Certified copy of Dissolution filing from WI Department of Financial Institutions Priority Mail Delivery of all documents Unlimited Customer Support A LA CARTE WISCONSIN DISSOLUTION SERVICES If you don't need our complete Wisconsin Corporation Dissolution package we offer our Dissolution services separately check the box next to any option, price will be calculated automatically Transcribe Board meeting minutes - $75.00   explain If a Board of Directors has been appointed for the Wisconsin Corporation then the Board is required to adopt a resolution to Dissolve the WI Corporation. Minutes of the meeting must be recorded and retained in the business records. We will transcribe the minutes of the Board meeting into a format that is legally acceptable in the state of Wisconsin. We will also compile a formal resolution to Dissolve the Wisconsin Corporation for your records. Transcribe Shareholder meeting minutes - $75.00   explain If a Wisconsin Corporation has issued shares of stock then a majority of Corporate Shareholders must approve the Dissolution plan. The approval actions should be documented and kept in the business records. We will transcribe the minutes of the Shareholder meeting into a format that is legally acceptable in the state of Wisconsin. Prepare and file Articles of Dissolution - $75.00   explain As soon as the preliminary Wisconsin Corporation Dissolution actions are completed we will prepare and file the Articles of Dissolution with the Wisconsin Department of Financial Institutions in the quickest way possible Prepare IRS Form 966 - $65.00   explain All Dissolved Wisconsin Corporations must file IRS Form 966 with the US Internal Revenue Service. This filing is required within 30 days after the final Dissolution plan is approved. Filing IRS Form 966 lets the Federal Government know that the Wisconsin Corporation has been legally Dissolved. We will prepare IRS Form 966 for you to file. Prepare EIN cancellation documents - $65.00   explain A Federal Tax ID, or Federal Employer Identification Number (EIN), is like the Social Security Number for the Wisconsin Corporation.  Once the IRS links an EIN to a Wisconsin Corporation, that EIN stays with the Wisconsin Corporation even after the Company has been Dissolved by the Wisconsin Department of Financial Institutions. When the IRS processes the final tax return for the Wisconsin Corporation, they automatically make the EIN inactive.  However, the account associated with the EIN is not automatically closed by the IRS.  Closing the account associated with the EIN lessens the likelihood of any problems with the EIN account - or with the IRS - in the future. We will prepare formal documents to get your Wisconsin Corporation's EIN account closed as quickly as possible. Processing fees $249.00 Wisconsin Dissolution fees $60.00 Optional services $0.00 Total cost $309.00 OUR ADVANTAGE We start processing your Wisconsin Corporation Dissolution order as soon as it arrives. We get your documents to the Wisconsin Department of Financial Institutions in the quickest possible way.  We guarantee our work.  If you're not satisfied with our Wisconsin Dissolution services we will refund 100% of your processing fees. We've been helping Corporations legally Dissolve in Wisconsin for over ten years.  Our A+ BBB rating speaks for itself! 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