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File Articles of Dissolution You need to file the Articles of Dissolution to dissolve a Wisconsin LLC. In addition to the filing fee that's paid with this form, the state requires you to pay any and all back fees due to the Department of Financial Institutions at the time of dissolution.
If a registered entity fails to submit its annual report and pay the filing fee timely, eventually DFI will place the entity in ??Delinquent Status.? When in Delinquent Status, the entity will not be able to ?le any other documents with the Department until the entity is brought back to good standing by ?ling all past ...
An entity goes delinquent because it failed to file its required annual report with the department. If the delinquent status is not cured for an extended period, the entity runs the risk of being administratively dissolved.
Administrative dissolution is an action taken by the Secretary of State that results in the loss of a business entity's rights, powers and authority.
Delinquency occurs when a corporation or individual fails to make payments on time for a contractual obligation such as: Mortgages. Auto loans. Credit card accounts.
Reinstating an LLC in Wisconsin requires filing a reinstatement application with the Wisconsin Department of Financial Institutions (DFI) - Corporation Section and may require payment of penalty fees.
Reinstating an LLC in Wisconsin requires filing a reinstatement application with the Wisconsin Department of Financial Institutions (DFI) - Corporation Section and may require payment of penalty fees.
Wisconsin doesn't charge penalty fees for failing to file an annual report; however, your business will lose its good standing and risk being administratively dissolved or revoked.