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Wisconsin Revocation of Voluntary Dissolution - Stock or Nonstock Corporation or Limited Liability Company

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Wisconsin
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WI-SKU-1078
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Revocation of Voluntary Dissolution - Stock or Nonstock Corporation or Limited Liability Company
Wisconsin Revocation of Voluntary Dissolution — Stocnonstickck Corporation or Limited Liability Company is a procedure used to restore a business that has already been dissolved under Wisconsin law. This revocation process allows the corporation or LLC to become active again, with the same legal status it had prior to the dissolution. There are two types of Wisconsin Revocation of Voluntary Dissolution — Stocnonstickck Corporation or Limited Liability Company: 1. Stock Corporation: A stock corporation is a type of business entity that issues shares of stock to its shareholders. In order to revoke the voluntary dissolution of a stock corporation, the shareholders must meet certain requirements. This includes filing a certificate of revocation with the Wisconsin Department of Financial Institutions and paying the applicable filing fee. 2. Nonstick Corporation: A nonstick corporation is a type of business entity that does not issue shares of stock. In order to revoke the voluntary dissolution of a nonstick corporation, the incorporates must meet certain requirements. This includes filing a certificate of revocation with the Wisconsin Department of Financial Institutions and paying the applicable filing fee. 3. Limited Liability Company: A limited liability company (LLC) is a type of business entity that is formed by filing articles of organization with the Wisconsin Department of Financial Institutions. In order to revoke the voluntary dissolution of an LLC, the members must meet certain requirements. This includes filing a certificate of revocation with the Wisconsin Department of Financial Institutions and paying the applicable filing fee.

Wisconsin Revocation of Voluntary Dissolution — Stocnonstickck Corporation or Limited Liability Company is a procedure used to restore a business that has already been dissolved under Wisconsin law. This revocation process allows the corporation or LLC to become active again, with the same legal status it had prior to the dissolution. There are two types of Wisconsin Revocation of Voluntary Dissolution — Stocnonstickck Corporation or Limited Liability Company: 1. Stock Corporation: A stock corporation is a type of business entity that issues shares of stock to its shareholders. In order to revoke the voluntary dissolution of a stock corporation, the shareholders must meet certain requirements. This includes filing a certificate of revocation with the Wisconsin Department of Financial Institutions and paying the applicable filing fee. 2. Nonstick Corporation: A nonstick corporation is a type of business entity that does not issue shares of stock. In order to revoke the voluntary dissolution of a nonstick corporation, the incorporates must meet certain requirements. This includes filing a certificate of revocation with the Wisconsin Department of Financial Institutions and paying the applicable filing fee. 3. Limited Liability Company: A limited liability company (LLC) is a type of business entity that is formed by filing articles of organization with the Wisconsin Department of Financial Institutions. In order to revoke the voluntary dissolution of an LLC, the members must meet certain requirements. This includes filing a certificate of revocation with the Wisconsin Department of Financial Institutions and paying the applicable filing fee.

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FAQ

A nonstock corporation is a corporation without stock. It may or may not have members. It must have directors. Nonstock corporations are the preferred form of corporation for nonprofit entities, volunteer-type organizations, and other organizations where individual ownership is not desired.

If your entity is on the "Certificate of Administrative Dissolutions" and you want the entity to be reinstated, you must contact our office at 608-261-7577 and request the forms to reinstate the entity.

To dissolve your Wisconsin Corporation, file Wisconsin Form 10, Articles of Dissolution ? Stock For-Profit Corporation with the Department of Financial Institutions: Division of Corporate and Consumer Services (DFI). You are not required to use the DFI form. You may choose to draft your own Articles of Dissolution.

After a company is dissolved, it must liquidate its assets. Liquidation refers to the process of sale or auction of the company's non-cash assets. Note that only those assets your company owns can be liquidated. Thus, you can't liquidate assets that are used as collateral for loans.

To dissolve your LLC in Wisconsin, submit Wisconsin Form 510, Articles of Dissolution to the Department of Financial Institutions: Division of Corporate and Consumer Services (DFI) in person or by mail or commercial delivery. Use of the DFI form is not mandatory; you may draft your own articles of dissolution.

Administrative dissolution is the taking away of the rights, powers, and authority of a domestic corporation, LLC, or other statutory business entity by the state administrator overseeing business entities, due to the entity's failure to comply with certain obligations of the business entity statute.

This means that the LLC's right to conduct business is ended and the only action the LLC can lawfully take is to wind up its affairs, pay its remaining debts and distribute the remaining assets to the owners.

Status dissolved companies have been formally closed down. Not only does that mean it no longer operates, but there are also other matters that need attending to. All assets and liabilities must be addressed, similar to the process of settling the estate of someone who has passed away.

More info

How long does it take to complete a filing with the Corporations Division? Revocation of voluntary dissolution; restoration of expired certificate of incorporation.Partnership and limited liability company names. Certificate of dissolution. Sec. 33-1173. 442 Dissolution of corporation whose charter has been revoked without additional fees and penalties; regulations. .167 Purposes for which nonprofit corporations may be organized under KRS 273. Virginia nonprofit corporations are a type of Virginia nonstock corporation. (2) If a limited liability company, then chapter 10-32.

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Wisconsin Revocation of Voluntary Dissolution - Stock or Nonstock Corporation or Limited Liability Company