Keeping owners, managers, and stakeholders up to date on issues affecting their businesses.
Viewing posts in "New LLC Law - Senate Bill 566/Act 258".
WDFI's last business day of 2022 with office hours is Friday, December 30, 2022 from 7:45am to 4:30pm. If you are planning to file a Statement of Nonapplicability with WDFI to opt out of Wisconsin's New LLC Law, acceptable Statements should be received by WDFI before then to be considered timely filed (notwithstanding that the instructions on the form say to file no later than December 31, 2022). WDFI's processing time is about five business days.
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The New Law’s provisions will apply to all LLCs starting January 1, 2023 including LLCs that were formed prior to the effective date. If you do nothing, the New Law will govern your LLC beginning on the effective date.
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This third article in Boardman Clark's Wisconsin Uniform Limited Liability Company Law Series highlights certain changes to Subchapters I and III of Chapter 183 that will be of interest to those doing business in Wisconsin.
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This second article in Boardman Clark's Wisconsin Uniform Limited Liability Company Law Series highlights certain changes to Subchapters I and II of Chapter 183 that will be of interest to those doing business in Wisconsin.
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On April 15, 2022, Tony Evers signed Senate Bill 566/Act 258 into law, repealing and recreating Chapter 183 (the Wisconsin Uniform Limited Liability Company Law, or "WULLCL"), which governs limited liability companies. Among the Act's various provisions, it generally adopts the Revised Uniform Limited Liability Company Act, subject to certain intentional differences. This article highlights certain changes in the WULLCL that will be of interest to those doing business in Wisconsin.
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