The Wisconsin Foreign Limited Liability Company Withdrawal Application is a document used to formally and officially dissolve a foreign LLC registered in the state of Wisconsin. The application is filed with the Wisconsin Department of Financial Institutions and must include the original Articles of Organization, a copy of the LLC's current Certificate of Authority, the Foreign Limited Liability Company Withdrawal Application form, and the applicable filing fee. Depending on the circumstances, there are two types of Wisconsin Foreign Limited Liability Company Withdrawal Applications: a Voluntary Withdrawal Application and an Involuntary Withdrawal Application. A Voluntary Withdrawal Application is filed when an LLC voluntarily decides to dissolve its presence in Wisconsin and is made by the LLC's registered agent. An Involuntary Withdrawal Application is filed when the state of Wisconsin initiates the process of dissolving the LLC and is made by the Department of Financial Institutions. Both types of applications require the LLC to notify Wisconsin creditors, claimants, and governmental agencies of the dissolution.
Wisconsin Foreign Limited Liability Company Withdrawal Application
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FAQ
To register a foreign corporation in Wisconsin, you must file a Wisconsin Certificate of Authority Application with the State of Wisconsin, Department of Financial Institutions, Division of Corporate and Consumer Services. You can submit this document by mail, fax, or in person.
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.
A domestic LLC or corporation is a business that is formed within its home (domestic) state. Foreign qualification is when a legal entity conducts business in a state or jurisdiction other than the one in which it was originally formed. (It is not to be confused with being a business in a foreign country.)
If your foreign LLC is currently in good standing and will remain in existence in its home state, you provide the completed Certificate of Surrender of Authority form to the New York Department of State by mail, fax or in person, along with the filing fee.
Prior to transacting business in the state of Wisconsin, foreign (out-of-state) entities must register their business with the WI Department of Financial Institutions (DFI) or be subject to penalty fees ? .wdfi.org/corporations/forms.
An LLC is a domestic company in one state ? its state of organization. It is considered a foreign company in every other jurisdiction. If an LLC wants to transact business in a state other than its state of organization, it will have to register as a foreign LLC with that other state's business entity filing office.
A foreign LLC may not withdraw from Wisconsin until it obtains a certificate of withdrawal. To get the certificate of withdrawal for your LLC, submit Wisconsin Form 524, Foreign Limited Liability Company ? Withdrawal Application and the filing fee to the Department of Financial Services.
A Wisconsin foreign LLC is a limited liability company that originated outside of Wisconsin but has registered to do business in Wisconsin.